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Japan Feb Ind. Output +4.5% M/M; 1st Monthly Increase in 2 Mths

JAPAN DATA
MNI (Singapore)
  • Japan's industrial production increased for the first time in two months by 4.5% m/m in February, led by automobile and production machinery industries due to the ease of the shortage of parts supply.
  • Shipments rose for the first time in six months by 3.6% m/m, the automobile and production machinery industries were the main factors to the increase.
  • Inventories rose 1.4% m/m in February. The automobile industry, which made the largest contribution to the rise, was mainly driven by passenger cars and trucks.
  • METI kept its assessment for industrial output as "negative".
  • METI sees production rising 2.3% (revised up from 0.7%) in March before falling 4.4% in April.
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