Japanese Industrial Output Sees Unexpected Slump in August
According to recent data, Japan’s industrial production took a surprising hit in August, plummeting by 3.3% compared to the previous month. This sharp decline marks a significant departure from the 3.1% growth seen in July, and falls short of the market’s predicted 0.5% dip.
Industry experts point to monthly volatility as a key factor contributing to this unexpected downturn. The sudden drop raises concerns about the overall health of Japan’s manufacturing sector, and its potential impact on the country’s economic growth.
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