Japan reports rise in industrial production in May was highest since 1953 but retail sales dip for ninth straight month
Jun 29th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Japan today reported a rise in industrial production by 5.9% in May - - matching a gain in April that was the biggest jump since March 1953, when production rose 7.9%. Meanwhile, car production fell for the eighth straight month in May, tumbling 41.4% from a year earlier and the government reported that retail sales fell for a ninth straight month.