Japan’s manufacturing continued to expand but at slower rate in June; Industrial production/ household spending dipped in May - - unemployment rose
Jun 30th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Japan’s manufacturing sector continued to expand at a solid rate during June supported by marked gains in both output and new orders but growth slowed. Payroll numbers increased for a third successive month, while there was a marginal rise in stocks of finished goods for the first time in nine months. Meanwhile government data also issued Wednesday, showed that Japan’s industrial production and household spending dipped in May and the unemployment rate unexpectedly increased, in a signal that the recovery of the world’s second-largest economy may slow.