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Japan's industrial output slips

dpa logodpa 28/02/2017

Industrial production in Japan dropped for the first time in three months in January, but the government says output is "picking up movement".

Japan's industrial production slipped 0.8 per cent in January - the first such decline in three months, the government says.

The reading was worse than the average estimate of a 0.4 per cent increase by a Nikkei business daily poll and followed a 0.7 per cent rise in December.

Despite the fall, the Ministry of Economy, Trade and Industry said in a statement, industrial production showed "picking up movement".

The index of production at factories and mines stood at 99.8 against a 2010 baseline of 100, the ministry said.

Manufacturers expect industrial production to grow 3.5 per cent in February and drop five per cent in March, a survey by the ministry showed.

The index of industrial shipments fell 0.4 per cent to 98.5 in January from the previous month, and that of industrial inventories was unchanged at 107.5.

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