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Japan Jun Ind. Output -3.6% M/M; First Fall In 2 Mths

JAPAN DATA
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  • Japan's industrial production fell 3.6% in June compared with last month, marking the first fall in two months. The rise was led by the automobile industry.
  • Shipments decreased by 4.3% m/m, the first monthly fall in two months. The machinery industry had the largest contribution to the increase.
  • Inventory fell 0.6% m/m, led by the automobile industry.
  • METI maintains its assessment of production as "`weak, with some fluctuations", considering the increasing production plans in July and August, and the actual trend.
  • METI sees production will rise 6.5% (revised up from 3.6%) in July before rising 0.7% in August.
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  • Japan's industrial production fell 3.6% in June compared with last month, marking the first fall in two months. The rise was led by the automobile industry.
  • Shipments decreased by 4.3% m/m, the first monthly fall in two months. The machinery industry had the largest contribution to the increase.
  • Inventory fell 0.6% m/m, led by the automobile industry.
  • METI maintains its assessment of production as "`weak, with some fluctuations", considering the increasing production plans in July and August, and the actual trend.
  • METI sees production will rise 6.5% (revised up from 3.6%) in July before rising 0.7% in August.