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JAPAN DATA: Japan Nov Ind. Output -2.3% M/M; 1st Drop in 3 Months

JAPAN DATA
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  • Japan's industrial production fell 2.3% in November compared with last month, marking the first drop in three months. The production machinery industry had the largest contribution to the decrease.
  • Shipments decreased for the first time in three months by 2.7% m/m, led by the production machinery and automobile industry.
  • Inventory decreased 0.9% m/m, the first fall in three months.
  • METI keeps its assessment of production as "ups and downs", considering the fluctuating production and increasing production plans in future two months.
  • METI sees production will rise 2.1% (revised up from -0.5%) in December before rising 1.3% in January.
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  • Japan's industrial production fell 2.3% in November compared with last month, marking the first drop in three months. The production machinery industry had the largest contribution to the decrease.
  • Shipments decreased for the first time in three months by 2.7% m/m, led by the production machinery and automobile industry.
  • Inventory decreased 0.9% m/m, the first fall in three months.
  • METI keeps its assessment of production as "ups and downs", considering the fluctuating production and increasing production plans in future two months.
  • METI sees production will rise 2.1% (revised up from -0.5%) in December before rising 1.3% in January.