Japan (Feb. prelim.) Industrial Production 2.0% m/m (vs. expected 1.2%)

Industrial Production has been on the improve ... Preliminary February results now:

Industrial Production m/m for February (preliminary), 2.0%. A beat on estimates and the highest since June 2016

• expected 1.2%, prior was -0.4%

Industrial Production y/y for February (preliminary), 4.8%

• expected 3.9%, prior was 3.7%

More from this METI announcement:

• Japanese manufacturers see output for March at -2% m/m and for April at +8.3%