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Japan Jun Ind. Output +2.0% M/M; First Rise in 2 Mths

JAPAN DATA
MNI (Singapore)
  • Japan's industrial production increased 2.0% m/m in June, marking the first rise in two months. The increase, led by automobile industry, is driven by solid sales in both domestic and overseas markets..
  • Shipments rose for the first time in three month by 1.5% m/m, offsetting last 0.6% m/m fall.
  • Inventory declined 0.1% m/m in June, first decline in two months, comparing with the 1.5% m/m increase in May, led by automobile industry.
  • METI maintains its assessment of production as "gradual recovery" on future increasing production plans.
  • METI sees production will fall 0.2% (revised up from -0.6%) in July before rising 1.1% in August.
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