2023-08-31 02:05:11 ET
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Industrial production in Japan declined by 2.0% month-over-month in July 2023, compared with market forecasts of a 1.4% fall after a final 2.4% growth in the previous month, flash data showed.
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This was the third time of drop since the start of the year.
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On a yearly basis, industrial output fell by 2.5% in July, compared with a flat reading in June.
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More on Japan economy:
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Japan factory activity improved in August, and services PMI rises to 3-month high
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Japan core inflation slows in July as expected, headline inflation unchanged at 3.3%
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Japan industrial output growth revised upward to 2.4% in June
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Japan producer prices rise 3.6%, the least in over two years
For further details see:
Japan industrial output drops more than expected in July