Japan’s industrial output rises for first time in three months in January

January industrial output in Japan rose for the first time in three months. The rise of output was a result of an increase in global demand.

The retail sales on the other hand reported their second consecutive month of decline in January as emergency measures taken in light of the pandemic affected consumption. There was a notable decline of 2.4% in January as compared to January 2020 data.

According to official data, factory output increased by 4.2% in January, as an effect of a boost in the production of electronic parts and general-purpose machinery, as well as a smaller increase in car output.

Analysts are worried that Japan’s economic recovery will be affected by the COVID-19 prevention measures taken all around the world, especially in Europe.

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