TOKYO : Japan's industrial output likely fell in June, reversing from gains made the previous month, led by suspension of some auto production, a Reuters poll found on Friday. Retail sales were seen rising last month, while job data will likely stay steady for the month, according to the poll.
A worker cycles near a factory at the Keihin industrial zone in Kawasaki, Japan February 28, 2017. REUTERS/Issei Kato/File PhotoTOKYO : Japan's industrial output likely fell in June, reversing from gains made the previous month, led by suspension of some auto production, a Reuters poll found on Friday.
A series of economic data will come out ahead of the Bank of Japan's two-day monetary meeting that ends on Wednesday. Industrial output was seen falling 4.8 per cent in June from the previous month, the poll of 18 analysts showed on Friday, following a 3.6 per cent increase in May. Next week's data also includes retail sales, which likely rose 3.2 per cent in June from a year earlier after a revised 2.8 growth in May. Economists expect sales of home appliances such as air conditioners and summer clothing performed solidly due to high temperatures.
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