Japan April all industry activity index +0.9% vs +0.7% m/m expected
Latest data released by METI - 20 June 2019
- Prior -0.4%; revised to -0.3%
Slight delay in the release by the source. The data is often referred to as the monthly GDP reading, it's a tracker production across all sectors of the Japanese economy and follows the GDP growth figures/trend.
That's a decent improvement in economic conditions to mark the start of Q2 for Japan but the economy needs more consistent readings like this in order to stay afloat. The latest trade data for May seen yesterday certainly continues to add reasons for concerns.