SHAFAQNA TURKEY-Japan Industrial production in January showed the fastest decline in the last 8 months due to falling overseas demand in the automotive and chip manufacturing sectors.
According to seasonally adjusted data, industrial production fell 4.6 percent in January from the previous month. Economists had expected industrial production to fall by 2.6 percent. Production increased by 0.3 percent in December.
Automotive production fell 10.1% in January, while machinery and electronic components fell 13.5% and 4.2%, respectively. The production of equipment for the production of semiconductors also decreased by 26.8 percent.
In January, when industrial production fell sharply, retail sales showed the fastest growth in almost 2 years. Retail sales in January rose by 6.3 percent compared to the same period last year. Economists had expected growth to be 4.0 percent.
Despite the decline in production, car sales rose 19.3 percent year on year.
Retail sales rose 1.9 percent in January from the previous month. In December, growth was 1.1 percent.
bloomberg
Random Post
- The population of farmers is decreasing day by day in Turkey and in the world
- Benefits of watermelon seeds
- Gas prices in the world are falling
- Here is the dollar and euro exchange rate
- Charles Edwards: Bitcoin rally will continue
- What are the benefits of bitter tea for the face?
- Binance Resumes Bitcoin Withdrawals
- What are the benefits of olive oil? – Last minute Turkey and world news
- New solution for Borsa Istanbul from the Ministry of Treasury and Finance!
- Apple’s market value tops $3 trillion again