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Japan Apr Ind. Output -0.4% M/M; 1st Drop in 3 Mths

JAPAN DATA
MNI (Singapore)
  • Japan's industrial production decreased 0.4% m/m in April, driven by the decreasing orders from overseas and domestically.
  • Shipments fell 0.4% from last month, marking the first monthly decrease in three months.
  • Inventory rose for the third consecutive month by 0.3% m/m in April, led by automobile industry.
  • METI maintains its assessment of production as "gradual recovery" on future increasing production plans.
  • METI sees production will rise 1.9% (revised up from -2.0%) in May before rising 1.2% in June.
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