Japan industrial production October 0.5% vs 1.8% estimate

YoY comes in at 5.9% vs 7.1% estimate

Japan industrial production came in weaker than expectations at 0.5% vs 1.8% estimate. The prior month remained unchange at -1.0%.

YoY the IP was also lower than expectations at 5.9% vs. 7.1%.

Although lower than expectations, the forecasts for November and December look stronger:

• Output forecast to rise to 2.8% in November
• Output forecast to rise 3.5% in December MoM