Japan posts weak industrial output on restricted recovery

29.01.2021 - Petr Mazaylo
Japan posts weak industrial output on restricted recovery

December had seen Japan’s industrial output plunge deeper, indicating that the country’s emergence from the coronavirus drag is dwindling. This was mainly from factories’ worsening demand as different countries implemented tighter coronavirus measures.

The country’s factory output recorded a 1.6% contraction in December. This followed after a strong performance in inorganic and organic chemicals manufacturing was dragged by decelerating production of general machinery and automobiles.

The weak figure came larger than the 0.5% drop seen in November, just a shade lower than the 1.5% decline expected by economists in a Reuters poll. After the country experienced a sharp economic downturn last year, the subdued reading might bring in concerns that the world’s third-largest economy has failed to stage a brisk recovery.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?