Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Japan WorsenOutlook as Industrial Output Dropped in April


May, 31 2018
watermark Economic news

Japan's industrial output did not meet expectations for the month of April according to data on Thursday and did not make the situation lighter given the decline in the first quarter.  

The increase in industrial output came out lower to 0.3 percent in April than the forecast of 1.2 increase and 1.4 percent rise in March. The sluggish growth was because of the 5.6 percent decline in production of electronic parts while inventories increase for three consecutive months worsening the outlook in overseas demand.

Last year, the economic growth of Japan peaked higher but for this year, it will be more subdued given the weakened data which is likely to further decline as the companies would center their attention on unsold goods.

In general, production is progressing slowly as companies with more materials reduce their output, according to an economist, Asuka Sakamoto, at Mizuho Research Institute.

The output is expected to decline in the next few months but consumer spending is likely to decline in the second quarter, which would be good for the economic growth. But he added that he is not worried about a recession.

Manufacturers expected output is anticipated to increase by 0.3 percent in May but declined to 0.8 percent in June, based on the survey on manufacturers by the Ministry of Economy, Trade, and Industry.

In the first quarter, Japan’s economic decline was due to weak investment, exports, and consumption that influenced growth that was further worsened on how fast can they recover given the output data and forecast on Thursday.

Meanwhile, the production of cars and machines rose in April, giving a positive news.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.