Sat. Mar 28th, 2020

Japan's industrial production fell 1.1 percent in September

Japan's industrial production fell 1.1 percent in September



Industrial production in Japan fell 1.1 percent in September compared to the previous month, according to the Ministry of Economy, Trade and Industry.

This decline came after the 0.7% increase recorded in August, and was mainly due to the impact of a strong typhoon last month, which forced several companies to stop production and caused serious disruptions in transportation and supplies. of the national industry.

Compared to September 2017, the indicator fell by 2.9 percent, according to data released by the Ministry.

The sectors that contributed most to the decline in industrial production were transport equipment, general machinery and iron and steel, in that order.

On the other hand, those that performed better were those of manufactured metals and those of oil and coal.

The main reason for the decline in production was the damage caused by Typhoon Jebi, the most powerful that has hit the Japanese archipelago in the last quarter of a century, as well as the 6.7 magnitude earthquake on the open scale of Ritcher. He shook Hokkaido (north), a ministry spokesman told local news agency Kyodo.

The government office expects industrial production to grow by 6.0% in September compared to September, although it estimates that the indicator will fall by 0.8% in November compared to the previous month.

The industrial production of Japan is considered key to anticipate the progress of the economy of the Asian country, highly dependent on the manufacturing sector.

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