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Japan's industrial output up 0.7 percent in November from previous month

Japan's industrial output up 0.7 percent in November from previous month

Japanese industrial production rose 0.7 in November from October, the government said Thursday, marking the second straight month of gains but missing analysts' forecast.
Economists surveyed by Dow Jones Newswires had predicted on average that industrial production would rise 1.1 percent in November after adjustment for seasonal factors.
Output had risen a stronger-than-expected 1.6 percent in October. It slipped 0.7 percent in September after growing 1.8 percent in August, according to the Ministry of Economy, Trade and Industry.
The trade ministry also said that manufacturers polled expect that their output will rise 0.7 percent on month in December, but then decrease 0.8 percent in January.
METI kept unchanged its optimistic assessment that industrial output is in an upward trend.


Updated : 2021-01-27 10:07 GMT+08:00