Tags: AS | Japan | Economy

Japan Trade Data, Factory Survey Show Economy Weakening

Monday, 23 May 2016 01:35 AM EDT

TOKYO (AP) — Japan says its exports fell 10 percent from a year earlier in April and imports plunged 23 percent, as a monthly survey of factory managers showed the sharpest worsening in operating conditions in over three years.

Customs figures released Monday show Japan posted a trade surplus of 823 billion yen ($9.1 billion) in April, compared with a deficit of 58.3 billion yen a year earlier.

A stronger Japanese yen exaggerated the decline in exports, but shipments fell in volume terms, too.

The key figure in a monthly survey of factory managers fell to 47.6 in May from 48.2 in April. A reading of 50 marks the line between contraction and expansion.

Economists said the latest data suggest exports will fall further in the current quarter.

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Asia
Japan says its exports fell 10 percent from a year earlier in April and imports plunged 23 percent, as a monthly survey of factory managers showed the sharpest worsening in operating conditions in over three years.Customs figures released Monday show Japan posted a trade...
AS,Japan,Economy
127
2016-35-23
Monday, 23 May 2016 01:35 AM
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