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7/30, 1:52 AM (Source: TeleTrader)
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Japan's industry activity rises to 6.2% in June

Japan's industrial production index landed at 99.3 in June, rising by 6.2% month-on-month, according to a report released by the country's Ministry of Economy, Trade, and Industry (METI) on Friday.

The figure surprised investors' expectations, surging by 22.6% when compared to June 2020, as the shipments index added 18.7% year-on-year, while inventories shrank by 4.8% and the inventory ratio plummeted 21.5% on an annual basis.

On a monthly basis, the shipments index and inventories grew 4.3%, and 2.3% respectively, while the inventory ratio contracted by 0.3% when compared to the figure seen in May.

Breaking the News / NL