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Japan Sep Ind. Output +0.2% M/M; Shipments +0.4% M/M

JAPAN DATA
MNI (Singapore)
  • Japan's industrial production rose 0.2% in September compared with last month. The automobile industry made the largest contribution to the increase while the production machinery industry leading the decrease.
  • Shipments edged up by 0.4% m/m, the first rise in three months, driven by the increase in automobile industry.
  • Inventory decreased for a second time by 1.1% m/m, led by electronic parts/device industry.
  • METI keeps its assessment of production as "up and down" considering the tendency of its production plan.
  • METI sees production will rise 3.9% (revised up from 3.8%) in October before falling 2.8% in November.
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