Industrial production in Japan fell by 4.2% during 2 years

In October, industrial production in Japan fell by 4.2%, as evidenced by preliminary data from the Ministry of Economy, Trade and Industry of the country.

This is the maximum reduction since January 2018. For that period, the indicator also decreased by 4.2%, which served as the most significant drop in 5.5 years. Relative to October of last year, the indicator decreased by 7.4%.

The drop-in indicators the number of houses, construction collapsed by 7.4% compared to October and amounted to 879 thousand houses in terms of annual rates.exceeded the average forecasts of analysts. In September, industrial production grew by 1.7% per month and by 1.3% in annual terms.

In October, unemployment in Japan remained at the level of the previous month – 2.4%.

Another indicator of the labor market showed that last month 157 open vacancies per 100 job seekers, which coincides with the September indicator.

For example, car production increased by 2.3% compared to October 2018.

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