Business

Japan Hits Speed Bump With Sharp Drop in Industrial Output

Japan’s factory output fell by the most in nearly seven years in January, while retail sales also slid more than expected. Still, the economy’s export-driven growth trend remains intact.

Industrial production contracted 6.6 percent in January from December, the biggest drop since March 2011, when the nation was hit by an earthquake, tsunami and nuclear meltdown. Output fell across all sectors, with the cars and auto parts performing especially poorly. Production is forecast to have rebounded sharply in February before falling again in March.

Japan Hits Speed Bump With Sharp Drop in Industrial Output
Subscribe to Business