Japan factory output up but retail sales down amid fragile recovery from pandemic
FILE PHOTO: Smoke rises from a factory during sunset at Keihin industrial zone in Kawasaki, Japan, January 16, 2017. REUTERS/Toru Hanai/File Photo
TOKYO - Japan’s industrial output rose 8.0% in July from the previous month, posting a second straight month of gains in a tentative sign of a pick-up in factory activity from the coronavirus-induced slump, government data showed on Monday.Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to rise 4.0% in August and increase 1.9% in September, the data showed.
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