RSS Japan data - Industrial Production (MoM) (Nov)-2.2% (expected -2.3%, prior -2.3%)

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 RSS Japan data - Industrial Production (MoM) (Nov)-2.2% (expected -2.3%, prior -2.3%)

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Earlier:


Final readings now:

Industrial Production Final (MoM) (Nov) -2.2%

  • Forecast -2.3%, Previous -2.3%

And -2.7% y/y

  • prior -2.8%

--

Industrial Production released by the Ministry of Economy, Trade and Industry measures outputs of the Japanese factories and mines. Changes in industrial production are widely followed as a major indicator of strength in the manufacturing sector.

A high reading is seen as bullish for the JPY, whereas a low reading is seen as bearish.

This article was written by Eamonn Sheridan at www.forexlive.com.
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