✉news BusinessRetail first seen 16 h ago, last 16 h ago, peak #36
Japan industrial output falls 1.7% in August as retail sales climb
Original: Japan's industrial output drops 1.7% M/M in August; retail sales rise 2.7% Y/Y
Japan's industrial production fell 1.7% month on month in August, while retail sales rose 2.7% year on year. The mixed data point to a divergence between weakening factory activity and resilient consumer spending, figures economists will weigh when assessing the pace of Japan's recovery and the Bank of Japan's policy outlook.
Why now: Fresh monthly economic data from Japan showing an output decline alongside strong retail sales gives markets and analysts reason to reassess the economy's direction.
Evidence
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