© Reuters. FILE PHOTO: A worker checks machinery at a factory in Higashiosaka, Japan June 23, 2022. REUTERS/Sakura Murakami/File photo
TOKYO (Reuters) -Japan’s factory output fell 0.9% in November from the previous month, compared with the median market forecast for a 1.6% drop, data showed on Thursday.
Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect seasonally adjusted output to increase 6.0% in December and decline 7.2% in January.
Other data showed Japanese retail sales expanded 5.3% in November from a year earlier. That was roughly in line with the median market forecast for a 5.0% gain and marked the 21st consecutive month of expansion since March 2022.
Compared with the previous month, retail sales grew 1.0% in November, following a 1.7% decline in October, the data showed.
This story originally appeared on Investing
