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6/30, 1:52 AM (Source: TeleTrader)
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Japan industrial production surges by 22% in May

The industrial production in Japan jumped by 22% in May compared to the same month last year, failing to meet market estimates, according to a preliminary report published by the Economy Ministry on Wednesday.

On a monthly basis, the industrial output declined by higher-than-expected 5.9% in May. Manufacturers across the country forecasted the total production will record a monthly increase of 9.1% in June, however dropping 1.4% the month after.

Baha Breaking the News (BBN) / ND