More Japanese data, this the 'flash' IP data for October. A solid improvement from September's result, which was hit by a series of dreadful natural disasters.

+2.9% m/m

  • expected 1.2% m/m, prior -0.4%

+4.2% y/y

  • expected 2.5% y/y, prior -2.5%

As part of the results each month the Ministry (METI) provide outlooks via survey:

  • Manufacturers say they see November output at +0.6% m/m
  • and they see December at +2.2%

As I said in the second line of this post, this is all coming back after what happened in September. You will sometimes see 'analysts' with a point to push blaming various outcomes on unexpected events (poor weather for example), but in Japan's case Sept September 2018 really was a month of tragic disasters that claimed many lives apart from their economic impact.

Anyway, posting this data in case anyone gives a rat's … yen sure doesn't :-D

As is often the case for Japanese data.

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Data earlier from Japan: