Japan: Industrial production remains weak in March
Industrial production decreased 3.7% in March on a month-on-month and seasonally-adjusted basis, after falling 0.3% in February. This steeper decline was driven by falling output of motor vehicles and production machinery.
On an annual basis, industrial production fell 5.2% in March, after decreasing 5.7% in February. The annual average variation in industrial production was minus 3.7% in March (January: -3.6%).