Japan industrial production declined -1.6% mom in September, below expectation of -1.0% mom. That’s also the first contract in four months. The fall was driven by -12.4% mom decline in auto-related production, the steepest fall in eight months.
Manufacturers surveyed by the Ministry of Economy, Trade and Industry (METI) expected output to fall another -0.4% in October and then rise 0.8% in November.
Retail sales rose 4.5% yoy in September, above expectation of 4.1% yoy.
