Preliminary data suggests that Japanese industry is on the rise while consumer confidence plummets

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Japanese industry produced significantly more in April. This was shown on Monday by preliminary figures from the Japanese Ministry of trade and industry.

On a monthly basis, the increase was 2.5 per cent and on an annual basis, growth was 15.4 per cent.

For May, the Japanese government expects a contraction of 1.7 percent, which is significantly less than the 4.3 percent decrease initially foreseen. And for June, the ministry foresees a further production growth of 5.0 percent.

Japanese consumer confidence fell again in May. This was shown on Monday by figures from the Japanese government.

The confidence index fell from 34.7 in April to 34.1 in May. In March, the index stood at 36.1.

The fall was widely supported. Three of the four partial indices fell and one partial index, representing the willingness to buy durable goods, made a pass on the place.

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