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11/30/2021, 12:52 AM (Source: TeleTrader)
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Industrial production in Japan up 1.1% in October

Japan's industrial production grew 1.1% in October compared to the previous month, according to a preliminary report by the Ministry of Economy, Trade and Industry on Tuesday. The rise was below expectations of around 1.8%. On a yearly basis, production dropped 4.7%.

Shipments increased 2% on a monthly basis but fell by 6.1% year-on-year. Inventories added 0.8% monthly and 2.4% annually, while the inventory ratio was unchanged from September, but grew 5.3% compared to October 2020.

Baha Breaking the News (BBN) / DJ