Japan’s industrial production edges higher in October
Japan’s industrial production was slightly higher in October compared to the previous month, while it decreased if measured year-on-year, according to data released on Wednesday.
Japan’s industrial output rose 0.1% in the month of October from a month earlier, compared to the previous month’s increase of 0.6%. Japanese manufacturers expect the output to rise 4.5% in November and then fall 0.6% in December.
The same measure of industrial activity dropped 1.3% from a year ago, with the previous year-on-year reading of a 1.5% gain.
Shipments added 2.2% in October and inventories lost 2.1%, measured month-on-month, indicating that the supply side of the economy made a modestly good start of the final quarter. The Japanese government presented a similar assessment, saying industrial output is "showing signs of a modest pickup overall."