Japan's November Industrial Output Down For 3rd Straight Month

Japan's industrial output in November fell 0.1 percent from the previous month, declining for the third straight month, due to weak overseas and domestic demand, recent government data showed, Mainichi Japan reported.

Photo Insert: Of the 15 industries covered by the survey, eight logged output falls and seven showed increases.

The basic assessment was downgraded for the second consecutive month, with industrial production described as "weakening," compared with October's assessment that it was "moderately picking up but showing weakness in part."

The seasonally adjusted index of production at factories and mines stood at 95.2 against the 2015 base of 100, the Ministry of Economy, Trade and Industry said in a preliminary report.

In addition to slowing machinery demand in Europe and the United States, demand for equipment in China was low amid restrictions related to coronavirus infections, a ministry official said.

The latest output figure followed a downwardly revised decline of 3.2 percent in October. Of the 15 industries covered by the survey, eight logged output falls and seven showed increases.

By component, production of general-purpose and business-oriented machinery marked the biggest contraction of 7.9 percent from the previous month, led by conveyors and transport cranes, contributing the most to the overall drop.

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