Japanese Industrial Production Rises Less Than Forecast

Published June 29th, 2009 - 03:57 GMT
Al Bawaba
Al Bawaba

Japan's Industrial Production rose less than economists had forecast, by only 5.9% vs 7.0% in May. The overly optimistic expectation may have come as newly found trending strength gave off signals that the economy may have bottomed. In fact April's Industrial Production figure rose higher than that which was forecast. Retail Trade figures for April also surprised analysts by elevating by the largest amount in nearly two years.