Japan February industrial production unexpectedly falls 2.3%

India Infoline News Service | Mumbai |

According to the data, auto makers, manufacturers of mobile phones, personal computers and heavy machinery led declines in industrial production

Industrial production in Japan was down to 2.3% in the month of February, the Ministry of Economy, Trade and Industry said today.

The data adds to growing concerns of a stumble in the economy, and comes on the heels of a separate survey showing manufacturing activity expanded at a slower pace in March.

The weak result followed a 3.8% gain in January, which was driven by brisk production of cars and household appliances.

The data comes a day before the national sales tax rises to 8% from 5% on Tuesday.

According to the data, auto makers, manufacturers of mobile phones, personal computers and heavy machinery led declines in industrial production.
 

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