Japan Industrial production for July (preliminary) 0.7% y/y (expected -0.6%)

Japan preliminary Industrial production data for July 2019

0.7% y/y

• expected -0.6%, prior was -3.8%

1.3% m/m

• expected 0.3%, prior was -3.3%

Manufacturers forecast ibdustrial output for August at +1.3% m/m

• September forecast is for -1.6% m/m

y/y and m/m beats for this data in July is a positive result. Earlier we got CPI data which was stull shoing indications of being well below the BOJ target.