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Japan Dec Ind. Output +1.8% M/M; Shipments +2.5% M/M

JAPAN DATA
MNI (Singapore)
  • Japan's industrial production rose 1.8% in December compared with last month, marking the first rise in two months. The general-purpose/commercial machinery industry made the largest contribution to the increase.
  • Shipments increased by 2.5% m/m, marking the first increase in two months, led by the transport equipment industry.
  • Inventory decreased for the first month in three by 1.2% m/m, led by automobile industry.
  • METI keeps its assessment of production as "up and down" considering the tendency of its production plan. We will continue to monitor the impact of the downturn in the global economy and rising prices, METI said.
  • METI sees production will fall 6.2% (revised up from -7.2%) in January before rising 2.2% in February.
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