Japan posts weak factory output in Feb

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Japan’s industrial output reached low grounds in February as the country’s production of automobile and electrical machinery plunged. This, in turn, heightened concerns that the world’s third-largest economy is still struggling to emerge from the coronavirus crisis.

The country’s factory output recorded a 2.1% drop in February, official data showed on Wednesday. The figure came lower than the 4.3% jump seen the previous month and sharper than the 1.2% contraction expected in a Reuters survey

The month-on-month reading was affected by a decline in automobile, electrical machinery, and information and communication equipment. Manufacturers expect a 1.9% drop in March, and the economy is predicted to decelerate in the first quarter due to coronavirus-related measures implemented by the government.

31.03.2021
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