Japan: Industrial production slows in October
Latest reading: Industrial production increased 1.5% in seasonally adjusted month-on-month terms in October, following 2.6% growth in the previous month.
Relative to the previous month’s figures, readings in October worsened for manufacturing (+1.3% in month-on-month terms vs +2.3% in September) and mining (-3.3% vs -1.9% in September). Looking at subsectors,
On a year-on-year basis, industrial production was up 1.6% in October, following a 3.8% increase in the previous month.