Japan's industrial output drops record 8.1 per cent in November
Japanese industrial output plunged a record 8.1 percent in November from the previous month as factories slashed output to cope with recession, official figures showed Friday.
By Agencies |
TOKYO: Japanese industrial output plunged a record 8.1 percent in November from the previous month as factories slashed output to cope with recession, official figures showed Friday.
It was the biggest-ever drop since the ministry of economy, trade and industry began releasing the statistics in 1953.
Market forecasts had been for a decline of 6.7 per cent, after a decrease of 3.1 per cent in October.
It was the biggest-ever drop since the ministry of economy, trade and industry began releasing the statistics in 1953.
Market forecasts had been for a decline of 6.7 per cent, after a decrease of 3.1 per cent in October.
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