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Japan May Ind. Output -7.2% M/M; METI Lowered Keynote As "Weak"

JAPAN DATA
MNI (Singapore)
  • Japan's industrial production fell 7.2% m/m in May, led by automobile industry, electrical / information and communication machinery industry, due to the lock downs in China, marking the second monthly fall.
  • Shipments marked decreased 4.3% m/m from last month, automobile industry made the most contribution to the decline as a result of China lockdowns.
  • Inventories dropped for a third month by 0.1% m/m, following last 2.5% decline.
  • METI sees production rising 12.0% (revised up from 8.9%) in June before rising 2.5% in July.
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  • Japan's industrial production fell 7.2% m/m in May, led by automobile industry, electrical / information and communication machinery industry, due to the lock downs in China, marking the second monthly fall.
  • Shipments marked decreased 4.3% m/m from last month, automobile industry made the most contribution to the decline as a result of China lockdowns.
  • Inventories dropped for a third month by 0.1% m/m, following last 2.5% decline.
  • METI sees production rising 12.0% (revised up from 8.9%) in June before rising 2.5% in July.