Japan's industrial output unexpectedly fell in February, due to lower overseas demand for cars and electronic goods, official figures have shown.
Production last month declined by 1.2% compared with January, said the Trade Ministry.
Analysts had expected to see output in February increase by 1.3%.
The ministry forecasts a recovery going forward. It predicts growth of 2.6% in March, and 0.7% in April. Commentators also expect output to recover.
Yuichi Kodama, economist at Meiji Yasuda Life Insurance in Tokyo, said: "The improving global economy, mending of supply chains damaged by Thai floods and subsidies for energy efficient cars are likely to support Japanese production in the coming months."
Source & Image : BBC
No comments:
Post a Comment