Japan’s car production fell for the eighth straight month in May, plummeting 41.4 percent from a year earlier, as the nation’s top industry continued to be hammered by the global slowdown.
Japan produced 542,282 vehicles in May, the Japan Automobile Manufacturers Association said Monday in a monthly report.
The industry group also said exports from Japan declined for the eighth straight month, plunging 55.9 percent from a year earlier to 233,217 vehicles.
Japan has been battling a global slump for months.
In a separate report, which showed some signs that Japanese manufacturers may be gradually recovering, Japan’s industrial output rose for the third straight month in May and the car production figures for May were 24.8% higher than April.
Industrial production in the world’s second-biggest economy rose 5.9 percent from the previous month, matching a rise in April that marked the biggest jump since March 1953.
Source: Chicago Tribune