Japan’s Factory Output Softened Further And The Government May Act To Help The Economy
Japan’s factory output fell by 0.3% mom in August, following a 0.2% decline in July. This was the third straight month of decline, suggesting that a slowdown in global demand led companies to cut production. Yoy, industrial production, however, inched up to 15.4% in August, from +14.2% in July but off the peak of +31.8% in March, suggesting that industrial activities are losing momentum.
Tracking The World Economy....-01/10/2010
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