September 30, 2024 00:25 GMT
Japan Aug Ind. Output -3.3% M/M; First Fall In 2 Mths
JAPAN DATA
MNI (Singapore)
- Japan's industrial production fell 3.3% in August compared with last month, marking the first fall in two months. The fall was led by the automobile industry and electrical, information and communications machinery industry.
- Shipments decreased by 4.0% m/m, the first monthly drop in two months. The automobile industry had the largest contribution to the decrease.
- Inventory fell 0.6% m/m, led by the automobile industry.
- METI keeps its assessment of production as "ups and downs", considering the fluctuating production and increasing production plans in future two months.
- METI sees production will rise 2.0% (revised up from -3.3%) in September before rising 6.1% in October.
101 words