Japan's industrial output snapped four months of decline in June, pointing to a modest recovery in broader business and consumer activity in the world's third-largest economy following a heavy hit to demand from the coronavirus pandemic.
TOKYO - Japan’s industrial output snapped four months of decline in June, pointing to a modest recovery in broader business and consumer activity in the world’s third-largest economy following a heavy hit to demand from the coronavirus pandemic.
Official data released on Friday showed factory output increased 2.7% in June from the previous month when it hit its lowest level since March 2009 during the financial crisis. “We think manufacturing output will rise by around 9% in the third quarter,” said Tom Learmouth, Japan economist at Capital Economics.
Analysts expect the economy to have shrank by more than 20% on an annualised basis in the second quarter as the coronavirus pandemic and lockdown measures seen around the world delivered a blow to business and consumer demand.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Japan automakers post 21% slump in June global salesGlobal sales of Japanese automakers slumped 21.3% on-year in June, the fourth straight month of double-digit losses, as most automotive factories and dealerships remained closed during the lockdown, data from the companies showed on Thursday.
Weiterlesen »
Thai tourist arrivals slump 66% year-on-year in January-June amid pandemicThailand recorded no foreign tourist arrivals and spending for a third straight month in June, as borders remained closed amid the pandemic, with a 66% year-on-year drop in the January-June period to 6.69 million visitors, tourism ministry data showed.
Weiterlesen »
Plunging U.S. GDP through June gives way to slow climb back in JulyA record-setting drop in the U.S. economy from April to June has given way to an increasingly tepid-looking rebound as consumers appear to pull back and businesses slow rehiring, data from a variety of high-frequency sources and macro analysts indicate.
Weiterlesen »
US commander affirms US support for Japan on China disputeThe commander of the U.S. Forces in Japan is reaffirming his nation’s support of Japan’s protests over Chinese ships increasingly venturing into the economic waters near disputed East China Sea islands.
Weiterlesen »
Japan government sees economy shrinking this year on COVID-19 hit: sourcesJapan's government expects the economy will contract this year as activity slowly recovers from the coronavirus crisis, with a return to growth seen next year, four government sources told Reuters.
Weiterlesen »
Shares in McDonald's Japan affiliate drop after U.S. group says to trim stakeShares in the Japanese affiliate of McDonald's Corp briefly fell as much as 10% on Wednesday after the U.S. fast-food giant said it would cut its stake in its only publicly listed overseas unit to bolster finances hit by the coronavirus.
Weiterlesen »