Industrial production in Japan grew by 0.6% in April

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In April, industrial production in Japan increased by 0.6% compared to March, when its decline was recorded at 0.6%, preliminary statistics showed. The April growth rate surpassed the forecasts of economists, who had expected an increase of only 0.2%. In annual terms, the decline in industrial production slowed in April to 1.1% from 4.3% in the previous month. The unemployment rate fell to 2.4% from 2.5%. The country completed the construction of 931 new homes, which is 5.7% less than in March. In the automotive industry, there was a decline in production by 4.1% compared to the same month last year. At the same time, the forecast of economists, who had expected the growth of the consumer confidence index to 40.6 points, did not come true, since the index was 39.4 points, dropping from 40.4 points in March. Published data on retail sales in April showed that their volume did not change relative to March, and in annual terms it grew by 5%.

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