Japan's Factory Output Records Weakest Quarter Since Pandemic [Financial Post (Toronto, Ontario, Canada)]
Toyota Motor Corporation (TM)
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Source: Financial Post
height of the pandemic in a sign the economy may have contracted during the period. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Japan's factory output rebounded in March from a dismal start to the year, with the quarterly figure registering the weakest performance since the height of the pandemic in a sign the economy may have contracted during the period. Industrial production rose 3.8% in March from February, as demand picked up after two straight months of declines, industry ministry data showed Tuesday. The result exceeded the consensus forecast of a 3.3% gain. Article content Article content The improvement in output comes after weakness early in the first quarter, as a New Year's Day earthquake northwest of Tokyo and output suspensions in the auto industry weighed on activity from January. On a quarterly basis, output slumped 5.4% in the January-March period, the worst performance
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