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JAPAN DATA: Japan Oct Ind. Output +3.0% M/M; Second Monthly Rise

JAPAN DATA
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  • Japan's industrial production rose 3.0% in October compared with last month, marking the second monthly rise. The production machinery industry had the largest contribution to the increase.
  • Shipments increased for a second consecutive month by 2.8% m/m, led by the production machinery and automobile industry.
  • Inventory decreased 0.1% m/m, the first fall in two months.
  • 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 fall 2.2% (revised up from -3.7%) in November before falling 0.5% in December.
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  • Japan's industrial production rose 3.0% in October compared with last month, marking the second monthly rise. The production machinery industry had the largest contribution to the increase.
  • Shipments increased for a second consecutive month by 2.8% m/m, led by the production machinery and automobile industry.
  • Inventory decreased 0.1% m/m, the first fall in two months.
  • 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 fall 2.2% (revised up from -3.7%) in November before falling 0.5% in December.