MNI 5 THINGS: Japan Oct Indus Output Rebounds From Weaker Q3

--Japan Industrial Output Up 2.9% M/m vs +1.2% Forecast

--METI: Ups view, Factory Output Picking Up Moderately

     TOKYO(MNI) - Japan's industrial production picked up modestly in October,

beating analysts' expectation, preliminary data released Friday by the Ministry

of Economy, Trade and Industry showed. Here are five key points: 

- Industrial production rose 2.9% from September versus the forecast fro a 1.2%

gain; production fell 1.1% in September. 

     - Output in 13 out of 15 industries rose month-on-month. Gains in general

purpose and commercial machinery industries, electronic parts and device

industries and the automobile industry largely contributed to the growth.

     - Industrial production may rise 0.6% on month in November (revised up from

-0.8% in the previous forecast) and increase by 2.2% in December, METI said.

     - Shipments rebounded to 5.4% m/m from -3.0% m/m in September, a 2018 low,

pushed by increased iron and steel and non-ferrous metal output, along with

increased communication equipment shipments. Inventories decreased by 1.4%,

falling from last month's 2.3% gain.

     - METI upgraded its view - "factory output picking up moderately",

previously it said "weakness is seen in some areas."

--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com

--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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