Japanese industrial production in October increased 1.6 percent from the previous month, according to a government report.
The Ministry of Economy, Trade and Industry’s Industrial production index marked an increase of 7.4 percent from the previous year. The index in October, seasonally adjusted, stood at 107.8.
General machinery, transportation equipment and electronic parts and devices contributed the most to the monthly increase, while commodities that provided the largest positive contribution included semiconductor products machinery, large passenger cars and general purpose steam turbines.
According to the Survey of Production Forecast in Manufacturing, production is expected to increase another 2.7 percent for November, but then dip 0.1 percent in December.Shipments increased in October by 1.3 percent from September, marking an increase for the first time in two months. The index in October, seasonally adjusted, was 110.1. General machinery, transportation equipment and iron and steel contributed the most to the shipments increase.
Inventory in October increased 0.8 percent from the previous month, showing an increase for the third consecutive month.
The entire report can be read by clicking here.