May 31, 2024 00:47 GMT
Japan Apr Ind. Output -0.1% M/M; Shipments +0.2% M/M
JAPAN DATA
MNI (Singapore)
- Japan's industrial production fell 0.1% in April compared with last month, marking the first drop in two months. The rise was led by the transportation machinery industry.
- Shipments increased by 0.2% m/m, the second monthly rise in a row. The automobile industry had the largest contribution to the increase.
- Inventory decreased for the first time in three months by 0.5% m/m, led by the inorganic and organic chemical industry.
- METI maintains its assessment of production as "`weak, with some fluctuations", considering the fall in April and increase production plans in May.
- METI sees production will rise 6.9% (revised up from 4.4%) in May before falling 5.6% in June.
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