Japan's economic recovery faltered in May, as factory output fell and the nation's jobless rate rose for a third straight month. Industrial production in the world's second biggest economy dropped 0.1 percent from the previous month, the government said.
The result marks the first drop in three months and just misses Kyodo news agency's average forecast for a flat reading. Lower factory output of large passenger cars, semiconductor-related machinery and flat-panel display machinery contributed to the month's retreat, according to the Ministry of Economy, Trade and Industry.
Meanwhile, the country's seasonally adjusted jobless rate climbed to 5.2 percent, up from 5.1 percent in April and the highest level since December. The results reflect a still-fragile recovery for Japan's economy, where an export boom has been slow to translate into sustained improvements for workers and families.
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