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Financial News: Japan Industrial Output Sinks 2.1% In February

Japan Industrial Output Sinks 2.1% In February

03/30/2021 - 20:14:00 (RTTNews)

(RTTNews) - Industrial production in Japan was down a seasonally adjusted 2.1 percent on month in February, the Ministry of Economy, Trade and Industry said on Wednesday.

That was shy of expectations for a fall of 1.2 percent following the 4.3 percent jump in January.

On a yearly basis, industrial production shed 2.6 percent - roughly in line with expectations - after sinking 5.2 percent in the previous month.

Upon the release of the data, the METI maintained its assessment of industrial production, saying that it continues to pick up.

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