Japan Factory Output Drops For 3rd Month

Japan's industrial production dipped 0.1 percent in June from May, the third straight monthly decline, showing that the world's No. 3 economy continues to struggle.

TOKYO (AP) — Japan's industrial production dipped 0.1 percent in June from May, the third straight monthly decline, showing that the world's No. 3 economy continues to struggle.

The Ministry of Economy, Trade and Industry said Monday that factory output — a key indicator for Japan's export-dependent economy — fell on sluggish output of automobiles and electronics equipment.

Looking ahead, manufacturers project a 4.5 percent jump in factory output for July, which could overcome the drop over the previous three months. June's decline comes after a 3.4 percent drop in May and a 0.2 percent decline in April.

METI said that while shipments declined 1.5 percent in June, inventories also fell, dropping 1.4 percent.

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