Skip to content
Subscriber Only

Japan’s Industrial Production Drops Much More Than Forecast

  • Manufacturers left with more stock as shipments also decline
  • Production to rebound in June and July, ministry says
Video player cover image

Japan's Industrial Production Worse Than Expected

Updated on

Japan’s industrial production declined more than economists forecast as a drop in exports hit most of the country’s manufacturing sectors.

Output declined 2.3 percent in May from April when it rose 0.5 percent, the trade ministry reported on Thursday. The median forecast of economists surveyed by Bloomberg was for a 0.2 percent drop, and the slump was bigger than all but one of the estimates.