See correction below.
Industrial production in Japan and South Korea fell short of expectations in July, the latest sign Asia's manufacturing sector may be losing momentum due to softening U.S. and European demand.
Japanese industrial output in July was up 0.6% from the previous month, a fourth straight month of expansion, the Ministry of Economy, Trade and Industry said Wednesday. But the median forecast of economists by Nikkei and Dow Jones Newswires was 1.5%.
Japanese companies surveyed by the ministry said on average they expect to cut production by 2.4% in September after a 2.8% increase in August.
In Korea, ...
See correction below.
Industrial production in Japan and South Korea fell short of expectations in July, the latest sign Asia's manufacturing sector may be losing momentum due to softening U.S. and European demand.
Japanese industrial output in July was up 0.6% from the previous month, a fourth straight month of expansion, the Ministry of Economy, Trade and Industry said Wednesday. But the median forecast of economists by Nikkei and Dow Jones Newswires was 1.5%.
Japanese companies surveyed by the ministry said on average they expect to cut production by 2.4% in September after a 2.8% increase in August.
In Korea, ...
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