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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (211515)12/26/2002 7:43:03 PM
From: Haim R. Branisteanu  Read Replies (1) of 436258
 
Kindly explain what the writer meant - 12/26 19:08 Japan's November Industrial Production Fell 2.2%
(Update1) By Daisuke Takato (do I miss something ??? <GG>)

Tokyo, Dec. 27 (Bloomberg) --
Japan's industrial production fell for a third month in November, suggesting a recovery from recession in the world's second-biggest economy is nearing an end.

Production fell 2.2 percent from October, seasonally adjusted, the Ministry of Economy, Trade and Industry said. Economists expected a 0.5 percent drop, according the median of 29 forecasts in a Bloomberg News survey. From a year ago, production rose 4.5 percent.

The recent production declines compelled the government to say that the economy is ``weakening'' in its monthly economic report this month. The government forecasts production to rise 0.3 percent this month and rise 1.2 percent in January, today's report showed.

Japan's unemployment rate fell unexpectedly to 5.3 percent in November from a record-high 5.5 percent in November as more workers left the labor force, the government said in a separate report today.

quote.bloomberg.com
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