Japan industrial production rose 1.1% mom in October, below expectation of 1.8% mom. That’s nonetheless the first rise in four months.
The seasonally adjusted index of production at factories and mines stood at 90.5 against the 2015 base of 100. The index of industrial shipments increased 2.0% to 88.3 while that of inventories was up 0.8% at 98.9.
The Ministry of Economy, Trade and Industry expects industrial production to grow 9.0% mom in November and then 2.1% mom in December.
Unemployment rate dropped from 2.8% to 2.7% in October, better than expectation of 2.8%.
