TOKYO (Kyodo) — Japan’s industrial output fell 2.0 percent in fiscal 2023 from the previous year, contracting for the second straight year, weighed down by a decrease in production machinery equipment, government data showed Tuesday.
The index of production at factories and mines in the year ended March stood at 102.8 against the 2020 base of 100, the Ministry of Economy, Trade and Industry said in a preliminary report.
The annual index of industrial shipments declined 1.6 percent to 102.0, while that of inventories fell 0.9 percent to 99.7.
Industrial output in March rose seasonally adjusted 3.8 percent from the previous month to 101.1, following a 0.6 percent decline in February.
The index of industrial shipments climbed 4.3 percent to 100.0, while inventories rose 1.1 percent to 102.7.
