FX.co ★ Japan Industrial Output Rebounds 1.4%, Less Than Estimated

The industrial production in Japan grew less than initially estimated at the close of the year, according to the latest data from the Ministry of Economy, Trade, and Industry. On a monthly basis, there was a 1.4% increase in industrial production, compared to a reduction of 0.9% in the preceding month. The initial estimate projected a 1.8% rebound.

Moreover, the most recent growth rate was the fastest, reaching back to June 2023, when it had climbed by 2.4%. The data revealed that shipments increased by 2.2% from the previous month, while both inventory and inventory ratio saw declines of 1.2% and 2.9% respectively.

In contrast, there was a 1% decrease in industrial production in December on a year-on-year basis, progressing from a 1.4% drop in the preceding month. The flash estimate had predicted a lesser decline of 0.7%. The capacity utilization remained constant for two consecutive months in December.