Japanese plant output seeing biggest drop out since 1953

Posted on Friday, 26 December 2008 , 14:12:48 byEmil

Filed under japanjapanesedrop1953ministryNone

Japanese plant output seeing biggest drop out since 1953

Right from the factories in Japan saw the greatest monthly drop in October, the Ministry of Economy, Trade and Industry of the country reported recently. The output was with 8.1 & down in October last year, nearly doubling the previous 4.3 percent record in 2001, January 2001; the Ministry is expecting a similar drop plant output for December.

The 8.1 % drop was lower even than analysts figured, showing the power of the global economic downfall.

These figures include therefor everything made in Japan, textiles - electronics - automobiles, all... export, sales figures... representative of the auto production, too. The world’s 2nd biggest economy, after the US, is eroding, in part, due to shriveling the overseas winnings.