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Japan Oct Ind. Output +3.8% M/M; Shipments +4.6% M/M

JAPAN DATA
MNI (Singapore)
  • Japan's industrial production rose for a fifth straight month by 3.8% m/m in October, following last month's 4.0% m/m gain.
  • Shipments increased 4.6% m/m in October, after growing 3.8% m/m in September, due the resuming economic activities both domestic and overseas.
  • Inventories fell 1.6% m/m, faster than the 0.3% m/m drop, marking the sixth straight fall.
  • METI sees production rising 2.7% (revised up from 1.2%) in November before falling 2.4% in December.

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