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Japan Sept Ind. Output -1.6% M/M; 1st Drop In 4 Mths

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MNI (Singapore)
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  • Japan's industrial production marked the first monthly drop in 4 months by 1.6% m/m in September, led by auto mobile industry, due to the rebound from previous increases.
  • Shipments fell 2.4% m/m from last month, automobile industry made the most contribution to the decrease among 15 industries.
  • Inventories rose for the forth month by 3.0% m/m. The electrical and information and communication equipment industry made the largest contribution to the increase.
  • METI keeps its assessment as "production recovering moderately" and sees production falling 0.4% (revised down from 3.2%) in October before rising 0.8% in November.
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  • Japan's industrial production marked the first monthly drop in 4 months by 1.6% m/m in September, led by auto mobile industry, due to the rebound from previous increases.
  • Shipments fell 2.4% m/m from last month, automobile industry made the most contribution to the decrease among 15 industries.
  • Inventories rose for the forth month by 3.0% m/m. The electrical and information and communication equipment industry made the largest contribution to the increase.
  • METI keeps its assessment as "production recovering moderately" and sees production falling 0.4% (revised down from 3.2%) in October before rising 0.8% in November.