FOREX TradingCharts.com

Financial News: Japan Industrial Output Drops 1.6% On Month In

Japan Industrial Output Drops 1.6% On Month In December

01/28/2021 - 19:24:00 (RTTNews)

(RTTNews) - Industrial production in Japan dropped a seasonally adjusted 1.6 percent on month in December, the Ministry of Economy, Trade and Industry said on Friday.

That missed forecasts for a decline of 1.5 percent following the 0.5 percent fall in November.

On a yearly basis, industrial production sank 3.2 percent - beating forecasts for a decline of 3.3 percent after the 3.9 percent drop in the previous month.

Upon the release of the data, the METI maintained its assessment of industrial production, saying that it is picking up.

Industries that contributed to the decline were business-oriented machinery, motor vehicles and electrical machinery - offset by gains among chemicals and electronic parts.

Shipments were down 1.6 percent on month and 3.4 percent on year, while inventories rose 1.1 percent on month and dropped 8.4 percent on year. The inventory ratio was up 2.0 percent on month and down 3.1 percent on year.

The METI's forecast of industrial production suggests an increase of 8.9 percent on month in January and a decline of 0.3 percent in February.

Industries expected to contribute to the increase in January include electronic parts, production machinery and business-oriented machinery.

Industries expected to contribute to the decline in February include business-oriented machinery, transport equipment and electrical machinery.

Also on Friday: . The unemployment rate in Japan was a seasonally adjusted 2.9 percent in December, the Ministry of Internal Affairs and Communications said - unchanged from the November reading but was shy of forecasts for 3.0 percent.

The job-to-applicant ratio was 1.06 - unchanged and in line with expectations.

. Overall consumer prices in the Tokyo region were down 0.5 percent on year in January, the Ministry of Internal Affairs and Communications said - following the 1.3 percent drop in December.

Individually, prices were down for food, fuel, medical care, transportation and education. Prices were up for housing, furniture, clothing and recreation.

Core CPI was down 0.4 percent on year versus expectations for a fall of 0.6 percent following the 0.9 percent decline in the previous month.

On a seasonally adjusted monthly basis, overall inflation was up 0.5 percent and core CPI gained 0.6 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Industrial Production Rises 4.2% In January (54 min(s), 04 sec(s) ago)
(RTTNews) - Industrial output in Japan was up a seasonally adjusted 4.2 percent on month in Januar ...Full Story»

Japan Retail Sales Slip 0.5% In January (01 hr(s), 19 min(s), 04 sec(s) ago)
(RTTNews) - The value of retail sales in Japan was down a seasonally adjusted 0.5 percent on month ...Full Story»

Japan Industrial Output Climbs 4.2% In January (01 hr(s), 29 min(s), 04 sec(s) ago)
(RTTNews) - Industrial production in Japan was up a seasonally adjusted 4.2 percent on month in Ja ...Full Story»

Tokyo Inflation Slides 0.3% On Year In February (01 hr(s), 54 min(s), 04 sec(s) ago)
(RTTNews) - Overall consumer prices in the Tokyo region of Japan - considered a leading indicator ...Full Story»

Japan Data On Tap For Friday (03 hr(s), 04 min(s), 04 sec(s) ago)
(RTTNews) - Japan is scheduled to release a batch of data on Friday, headlining a busy day for Asi ...Full Story»

New Zealand Has NZ$626 Million Trade Shortfall (03 hr(s), 38 min(s), 04 sec(s) ago)
(RTTNews) - New Zealand had a merchandise trade deficit of NZ$626 million in January, Statistics N ...Full Story»

Portugal Consumer Confidence Weakens In February (10 hr(s), 03 min(s), 04 sec(s) ago)
(RTTNews) - Portugal's consumer confidence deteriorated in February after strengthening in the ...Full Story»

U.S. Pending Home Sales Unexpectedly Show Steep Drop In January (10 hr(s), 19 min(s), 04 sec(s) ago)
(RTTNews) - With inventory constraints continuing to hold back prospective buyers, the National As ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Industrial Production Rises 4.2% In January

02/25/2021 - 19:40 PM (RTTNews)
(RTTNews) - Industrial output in Japan was up a seasonally adjusted 4.2 percent on month in Januar ...Full Story>>

Japan Retail Sales Slip 0.5% In January

02/25/2021 - 19:15 PM (RTTNews)
(RTTNews) - The value of retail sales in Japan was down a seasonally adjusted 0.5 percent on month ...Full Story>>

Japan Industrial Output Climbs 4.2% In January

02/25/2021 - 19:05 PM (RTTNews)
(RTTNews) - Industrial production in Japan was up a seasonally adjusted 4.2 percent on month in Ja ...Full Story>>

Tokyo Inflation Slides 0.3% On Year In February

02/25/2021 - 18:40 PM (RTTNews)
(RTTNews) - Overall consumer prices in the Tokyo region of Japan - considered a leading indicator ...Full Story>>

Japan Data On Tap For Friday

02/25/2021 - 17:30 PM (RTTNews)
(RTTNews) - Japan is scheduled to release a batch of data on Friday, headlining a busy day for Asi ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.