TOKYO (Reuters) – Japan’s industrial output fell more than expected in September as a series of typhoons and earthquakes disrupted production and a trade war between the United States and China weighed on exports, clouding the country’s economic outlook.
The 1.1 percent decline in output was more than the median estimate for a 0.3 percent decline and follows a 0.2 percent increase in the previous month.
Japan - Exports - Volumes - Parts - Equipment
Japan exports a large volumes of electronic parts and equipment to China, which are used to make goods destined for the United States, so Japan’s economic growth could weaken if Washington and Beijing remain at loggerheads over trade.
Output fell in September due to a 2.5 percent decline in production of cars and car parts, data from the trade ministry showed on Wednesday. Production of robots and machines used to make flat panel displays also fell 1.4 percent.
Inventories - Parts - Phones - Percent - September
Inventories of electronic parts, which are used in smart phones, jumped 9.6 percent in September, the fastest increase in six months.
Economists have expressed concern that high inventories of electronic parts are a sign of weak demand, which could...
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