Japan's industrial and mining production fell by 8.4% in May
Xinhua News Agency, Tokyo, June 30 (Reporter Liu Chunyan) The preliminary statistical results released by the Ministry of Economy, Trade and Industry on the 30th showed that the seasonally adjusted industrial and mining production index in Japan fell by 8.4% to 79.1 in May due to the impact of the COVID-19 epidemic. , Set a new low. At this point, Japanese industrial and mining production has declined sequentially for four consecutive months.
Data shows that in May, the production index of all 15 industries declined month-on-month, and the decline in production in the automotive, steel and non-ferrous metals industries was particularly prominent. Compared with the previous month, the auto industry's drag on the decline in production index has been reduced.
The Ministry of Economy, Trade and Industry said that affected by the epidemic, Japan’s industrial and mining production began to decline in February, and the decline has since expanded rapidly. In May, production, shipments, and inventories continued to decline in an all-round way, and industrial and mining production once again substantially refreshed the lowest level in the current statistical benchmark. According to this, the Ministry of Economy, Trade and Industry will continue to maintain its judgment on the basic situation of industrial and mining production as "is falling rapidly."
The manufacturing production forecast index released by the Ministry of Economy, Trade and Industry at the same time shows that Japan’s manufacturing production is expected to rise 5.7% sequentially in June and an increase of 9.2% in July.