Japan’s industrial output dropped to the lowest level in more than seven years in April due to the coronavirus pandemic, the government said in a report on Friday.
The pandemic has caused factories to halt operations as domestic and overseas demand fell significantly, the government, the report said.
According to the Ministry of Economy, Trade and Industry, the seasonally adjusted index of production at factories and mines tumbled 9.1 percent from the previous month to 87.1 against the 2015 base of 100.
The latest reading, which came on the heels of a 3.7 percent fall in March and a 0.3 percent drop in February, marked the lowest since comparable data became available in January 2013, the ministry’s data showed.
The ministry’s assessment of the country’s output, one it has not used since the global financial crisis, was lowered to “rapidly declining.”
The ministry’s data set showed the index of industrial shipments dropped 8.8 percent to 85.0, while inventories fell 0.3 percent to 106.1 in the recording period.
Looking ahead, the ministry’s survey revealed that according to manufacturers polled, industrial output is forecast to drop 4.1 percent in May before increasing 3.9 percent in June.