June 28, 2024 00:58 GMT
Japan May Ind. Output 2.8% M/M; Shipments +3.5% M/M
JAPAN DATA
MNI (Singapore)
- Japan's industrial production rose 2.8% in May compared with last month, marking the first rise in two months. The rise was led by the automobile industry.
- Shipments increased by 3.5% m/m, the first monthly rise in two months. The automobile industry had the largest contribution to the increase.
- Inventory increased for the first time in two months by 1.1% m/m, led by the automobile industry.
- METI maintains its assessment of production as "`weak, with some fluctuations", considering the rising price in May and shrinking production plans in June and increasing production in July.
- METI sees production will fall 4.8% (revised up from -5.6%) in June before rising 3.6% in July.
108 words