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MNI BRIEF: Japan Aug Factory Output Posts 3rd Straight Rise

(MNI) Tokyo
MNI (TOKYO)

Japan's industrial output rose 2.7% m/m in August for the third straight m/m rise and accelerated from +0.8% in July, thanks to higher production of production machinery, iron, steel and non-ferrous metals as well as chemicals, preliminary data released Friday by the Ministry of Economy, Trade and Industry showed.

Production of motor vehicles fell 1.1% m/m in August for the first drop in three months following +12.0% in July and +14.1% in June.

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Japan's industrial output rose 2.7% m/m in August for the third straight m/m rise and accelerated from +0.8% in July, thanks to higher production of production machinery, iron, steel and non-ferrous metals as well as chemicals, preliminary data released Friday by the Ministry of Economy, Trade and Industry showed.

Production of motor vehicles fell 1.1% m/m in August for the first drop in three months following +12.0% in July and +14.1% in June.

Keep reading...Show less