Economic Buzz: Japans Industrial Production Rises 9.8% On Year In September

31 Oct 2022 , 12:07 PM

The value of industrial output in Japan was up 9.8 percent on year in September, the Ministry of Economy, Trade and Industry reported. On a seasonally adjusted monthly basis, industrial production slipped 1.6 percent. Industries that mainly contributed to the monthly decrease included motor vehicles, chemicals and production machinery. These losses were offset by gains from other chemicals, electrical machinery and iron and steel. Shipments were down 2.4 percent on month and up 9.5 percent on year, while inventories rose 3.0 percent on month and 6.2 percent on year and the inventory ratio advanced 5.1 percent on month and 5.5 percent on year. Powered by Commodity Insights