MNI 5 THINGS: Japan Sept Ind Output Falls, Oct Revised Higher

--Down 1.1% M/m vs -0.3% Forecast

--METI Forecast Index: Oct Output +6.0% M/m, Nov -0.8%

--METI: Oct Output Forecast Adjusted For Upward Bias to +0.9%

     TOKYO(MNI) - Japan's industrial production in September fell at a faster

pace than expected, according to preliminary data released Wednesday by the

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

- Industrial production fell 1.1% from August vs -0.3% forecast; 0.7% gain in

August. 

     - Outputs in 11 industries decreased, including transport machine and

general purpose, production use, industrial machinery and steel. Those in four

industries rose, mainly automobile-related products.

     - Industrial production may rise 6.0% on month in October (revised up from

+1.7% previous forecast), fall by 0.8% in November: METI

     - Shipments fell 3.0% m/m to lowest level this year, first in two months

from 1.7% increase in August, affected by reduced transport and iron and steel

shipments. Inventories increased for the first time in four months, gaining

2.3%.

     - METI maintained that industries are moderately recovering after natural

disasters in Q3 while warning "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: william.bi@mni-news.com

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