Japan Industrial Production for February (preliminary): +0.4% m/m (expected 0.0%)

Author: Eamonn Sheridan | Category: News

Japan data 

+0.4 % m/m   and a beat
  • expected 0.0% m/m, prior 1.0%
-4.7 % y/y, not as bad as expected (just barely, but still its a win)

  • expected -4.8% y/y, prior -2.3%
As part of the data the Ministry (Economy, Trade & Industry) provide 'putlooks':
  • industrial output for March is seen -5.3% m/m
  • for April +7.5%
  • Note that the METI caution: Manufacturers' output forecasts for March, April do not fully take into account recent developments regarding the coronavirus outbreak and that the outlook for industrial production remains severe for the time being  

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