Japan Industrial Production for March

Preliminary in at +1.2% m/m ... beat

  • expected 0.5% m/m, prior 2.0%

Prelim y/y in at +2.2% ... beat

  • expected 2.0% y/y, prior 1.6%

As part of the data release the Ministry ask manufactures for their outlook:

  • Manufacturing firms see output in April at +3.1% m/m
  • and see May output at -1.6% m/m

Not too bad a set of numbers but the m/m in March is down on February ... as you can see it is expected to bounce strongly in April though. Retail sales data was out at the same time, a disappointment

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Later from Japan: