5/29, 1:53 AM (Source: TeleTrader)
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Japan industrial production drops 9.1% in April

Japan's industrial production index landed at 87.1 in April, decreasing 9.1% compared to the previous month's revised figure, the country's Ministry of Economy, Trade and Industry said in its preliminary report published on Friday.

Additionally, according to the data, the Asian nation's industrial production plummeted 14.4% on a yearly basis.

In the meantime, the shipments index lost 8.8% month on month while inventories shrank 0.3 percentage points, with the inventory ratio index increasing 12.7% compared to the figure seen in March.

Breaking the News / NL