Smoke rises from a factory during the sunset at Keihin industrial zone in Kawasaki, Japan, January 16, 2017.
REUTERS/Toru Hanai/File PhotoSummary https://amers2.apps.cp.thomsonreuters.com/Apps/econ-polls?RIC=JPIP1%3DECI output poll datahttps://amers2.apps.cp.thomsonreuters.com/Apps/econ-polls?RIC=JPRSLS%3DECI retail sales poll datahttps://amers2.apps.cp.thomsonreuters.com/Apps/econ-polls?RIC=JPUNR%3DECI unemployment poll dataTOKYO, June 25 (Reuters) - Japan's factory output likely fell in May while retail sales rose for a third straight month, a Reuters poll showed on Friday, highlighting the uneven recovery in the world's third largest economy from the COVID-19 pandemic.
While pent-up demand may underpin private consumption, which makes up more than half of the economy, a global chip shortage may weigh on an export-led recovery, analysts say.
"Overseas economies will continue to recover but cuts in car production will drag on, causing factory output to seesaw in June and July as well," said Takeshi Minami, chief economist at Norinchukin Research Institute.
Japan's economy likely avoided falling into recession this quarter but an extension of emergency measures to stem a rise in coronavirus infections has dented the growth outlook, a separate Reuters poll showed.
Toru Hanai, Takeshi Minami, Tetsushi Kajimoto, Kim Coghill
REUTERS, Tokyo, of Economy, Trade, Industry, Norinchukin Research, Thomson
Kawasaki, Japan, TOKYO, Tokyo, COVID