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11/30/2022, 12:53 AM (Source: TeleTrader)
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Japan's industrial output rises by 3.7% in October

Japan's industrial production index landed at 96.2 in October, increasing by 3.7% year-on-year, according to a preliminary report by the country's Ministry of Economy, Trade, and Industry (METI), released on Wednesday.

The figure landed slightly below expectations, showing that the country's production fell by 2.6% when compared to the last month's data. The inventory ratio and the index of shipments contracted by 5.1% and 1.1%, respectively, from September to October, and the index of inventories shrank by 0.8%.

On a yearly basis, the shipments index expanded by 4.8%, as the inventories increased by 4.7% and the inventory ratio by 2.1%.

Baha Breaking News (BBN) / NL