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Japan Oct Ind. Output -2.6% M/M; 2nd Drop In 3 Mths

JAPAN DATA
MNI (Singapore)
  • Japan's industrial production dropped for a second straight month by 2.6% m/m in October, led by machinery and electronic industries, due to the decreasing demands.
  • Shipments fell 1.1% m/m from last month, semiconductor equipment and flat panel display equipment were the main factors in the decline.
  • Inventories fell for the first time in 5 months by 0.8% m/m. The automobile industry made the largest contribution to the increase due the shortage of parts and materials.
  • METI downgraded its assessment from "production recovering moderately" to "Although production is picking up moderately, weakness is seen in some areas".
  • METI sees production rising 3.3% (revised up from 0.8%) in November before rising 2.4% in December.
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  • Japan's industrial production dropped for a second straight month by 2.6% m/m in October, led by machinery and electronic industries, due to the decreasing demands.
  • Shipments fell 1.1% m/m from last month, semiconductor equipment and flat panel display equipment were the main factors in the decline.
  • Inventories fell for the first time in 5 months by 0.8% m/m. The automobile industry made the largest contribution to the increase due the shortage of parts and materials.
  • METI downgraded its assessment from "production recovering moderately" to "Although production is picking up moderately, weakness is seen in some areas".
  • METI sees production rising 3.3% (revised up from 0.8%) in November before rising 2.4% in December.