Japan's factory output tumbled the most in nearly 1-1/2-years in June, data...
TOKYO - Japan’s factory output tumbled the most in nearly 1-1/2-years in June, data showed on Tuesday, adding to a slew of indicators suggesting slowing global growth and the bruising U.S.-China trade war were taking a toll on the export-reliant economy.
Industrial output sank 3.6% in June, government data showed, more than a median market forecast for a 2.0% drop. It was the worst slump since January 2018, and followed a 2.0% rise in the previous month. On a quarter-to-quarter basis, output rose 0.5% in the April-June period after dropping 2.5% in the first three months of this year.
Most Asian economies, including Japan, are feeling additional pressure as China’s growth cools to near 30-year lows.
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