Japan’s July Output Misses Estimates as Spending Slumps
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Industrial production in Japan rose less than expected in July while household spending slumped and the inflation rate remained unchanged, highlighting the challenge of reflating the world’s third-largest economy.
Output expanded by 0.2 percent from June, according to the trade ministry, less than the forecast for a 1.0 percent gain in a Bloomberg News survey of 31 economists. Consumer prices excluding fresh food rose 3.3 percent from a year earlier, the same pace as June, the statistics bureau said.