RSS Japan Industrial Output Grows Less Than Estimated

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 RSS Japan Industrial Output Grows Less Than Estimated

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The Ministry of Economy, Trade, and Industry reported on Friday that Japan's industrial production experienced a smaller increase than initially projected for October. The seasonally adjusted industrial output rose by 2.8 percent from the previous month, surpassing the 1.6 percent growth recorded in September. However, this figure fell short of the preliminary estimate of a 3.0 percent increase.

On an annual basis, industrial production improved by 1.4 percent, reversing a 2.6 percent decline observed in the prior month. Shipments experienced a 2.6 percent increase month-over-month and grew by 0.2 percent compared to the same period last year. Meanwhile, inventories remained stable compared to the previous month, registering a 1.3 percent decrease from the previous year's figures. The inventory ratio saw a monthly reduction of 0.9 percent.

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