Japan Industrial Output Slips 0.1% In February
Industrial production in Japan was down a seasonally adjusted 0.1 percent on month in February, the Ministry of Economy, Trade and Industry said on Friday.
That was well shy of expectations for an increase of 1.2 percent following the 6.7 percent contraction in January.
Upon the release of the data, the METI downgraded its assessment of industrial production, saying that it continues to fluctuate indecisively but has weakened.
On a yearly basis, production sank 3.4 percent.
Shipments were down 0.4 percent on month and 4.4 percent on year, while inventories rose 0.6 percent on month but fell 1.7 percent on year. The inventory ration sank 5.5 percent on month and added 2.0 percent on year.
According to the METI's forecast of industrial production, output is expected to rise 4.9 percent on month in March and 3.3 percent in April.
Economic News
Reprinted from RTTNews,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.