jeudi 26 février 2015
Japan Jan Factory Output Posts Sharp 4.0% Rise, Q1 Seen +3.4%
Posted on 18:37 by nice news
Preliminary industrial production data released Friday by the Ministry of Economy, Trade and Industry:
FACTORS: Japan's industrial production rose 4.0% on month in January, much higher than the MNI median economist forecast of +2.9%. The index stood at 102.6 (100.0 for 2010) in January, the highest level since 103.9 in January 2014.
Factory output, which reflects the current economic climate, posted the second straight rise after rising 0.8% in December, thanks to stronger output of general and production machinery including chip-producing machinery and transportation vehicles such as passenger cars.
Firm growth in overseas demand appears to have supported factory output in January. According to the Bank of Japan, the seasonally adjusted real exports index rose 5.0% on month to 109.3 (based on 100.0 for 2010), posting the second straight rise and reaching the highest level since 109.6 in August 2008.
Industrial shipments, a key measure for gauging demand, rose 5.8% on the month in January, the second straight rise after +1.0% in the previous month. Inventories fell 0.6%, the second straight drop, led by drawdowns in iron and steel, transportation vehicles and information and communication machinery such as TVs.
TAKEAWAY: METI left its assessment of output unchanged, saying "Industrial production shows a gradual pickup."
METI's forecast index showed output will rise 0.2% on month in February but fall 3.2% in March. If the outlook is met, January-March output would post a 3
FACTORS: Japan's industrial production rose 4.0% on month in January, much higher than the MNI median economist forecast of +2.9%. The index stood at 102.6 (100.0 for 2010) in January, the highest level since 103.9 in January 2014.
Factory output, which reflects the current economic climate, posted the second straight rise after rising 0.8% in December, thanks to stronger output of general and production machinery including chip-producing machinery and transportation vehicles such as passenger cars.
Firm growth in overseas demand appears to have supported factory output in January. According to the Bank of Japan, the seasonally adjusted real exports index rose 5.0% on month to 109.3 (based on 100.0 for 2010), posting the second straight rise and reaching the highest level since 109.6 in August 2008.
Industrial shipments, a key measure for gauging demand, rose 5.8% on the month in January, the second straight rise after +1.0% in the previous month. Inventories fell 0.6%, the second straight drop, led by drawdowns in iron and steel, transportation vehicles and information and communication machinery such as TVs.
TAKEAWAY: METI left its assessment of output unchanged, saying "Industrial production shows a gradual pickup."
METI's forecast index showed output will rise 0.2% on month in February but fall 3.2% in March. If the outlook is met, January-March output would post a 3
Japan Jan Factory Output Posts Sharp 4.0% Rise, Q1 Seen +3.4%
Inscription à :
Publier les commentaires (Atom)
0 commentaires:
Enregistrer un commentaire