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Japan Mar Ind. Output +3.8% M/M; Shipments +4.3% M/M

JAPAN DATA
MNI (Singapore)
  • Japan's industrial production rose 3.8% in March compared with last month, marking the first rise in three months. The rise was led by the automobile industry.
  • Shipments increased by 4.3% m/m, marking the first rise in three months. The automobile industry had the largest contribution to the increase.
  • Inventory increased for the second time by 1.1% m/m, led by production machinery industry.
  • METI maintains its assessment of production as "`weak, with some fluctuations", considering the big fall in the first two months and increase production plans in April and May.
  • METI sees production will rise 4.1% (revised up from 3.3%) in April before rising 4.4% in May.
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