Business & Economy

Japan’s industrial production rises 6.2% in June

Tokyo, Jul 30 (EFE).- Japan’s industrial production increased by 6.2 percent in June compared to the previous month, according to the government on Friday.

With respect to the same month of 2020, when the first wave of the coronavirus hit the Asian country, the indicator saw a growth of 22.6 percent, according to data published by the Ministry of Economy, Trade and Industry.

The industries that contributed the most to the expansion of industrial production in June were motor vehicles, production machinery, and electronic components and devices.

The sectors that experienced the greatest decline were transportation equipment and ceramic products.

According to data from a survey conducted by the ministry with Japanese companies, domestic industrial production is expected to decline 1.1 percent in June and increase 1.7 percent in August.

Industrial production measures the pace of Japanese factories and is considered a key indicator of economic progress of the Asian country, highly dependent on the manufacturing sector. EFE


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