Economic Buzz: Japans Industrial Output Rises 8.9% On Month

29 Jul 2022 , 11:58 AM

Industrial production in Japan was up a seasonally adjusted 8.9 percent on month in June, the Ministry of Economy, Trade and Industry reported. On a yearly basis, industrial output fell 3.1 percent – unchanged from the May reading but missing forecasts for a decline of 2.0 percent. Shipments were up 4.6 percent on month and down 3.3 percent on year, while inventories rose 2.1 percent on month and 4.4 percent on year. The inventory ration fell 1.0 percent on month and jumped 8.3 percent on year. According to the METIs forecast of industrial production, output is expected to rise 3.8 percent in July and 6.0 percent in August.Powered by Commodity Insights