Industrial Production data for July (preliminary reading) is due at 2350GMT on Friday 31 August

Industrial Production m/m for July (preliminary reading),

  • expected is 0.2%, prior was -1.8%

Industrial Production y/y for July (preliminary),

  • expected is 2.7%, prior was 0.9%

What to expect? This via Nomura:

  • In the survey of manufacturers' production forecasts carried out on 10 July, the production forecast for July adjusted for forecast error by the Ministry of Economy, Trade & Industry, was +0.2% m-o-m. The survey date of 10 July was a day in which some automakers' plants had suspended production because of heavy rain in western Japan, and it is unclear how much this impact had on the survey result. The 7 August edition of the Nikkei reported that automobile production had declined by over 40,000 vehicles in the two weeks following the heavy rainfall in western Japan, equivalent to around 5% of monthly automobile production in Japan (around 800,000 vehicles). Production plans for the transport equipment sector in July, meanwhile, called for a fall of 1.1%. On the assumption that the impact of production being suspended, owing to heavy rains in western Japan, is not fully factored into the survey of manufacturing production forecasts, we think industrial production fell m-o-m in July.

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Also, due earlier, at 2330GMT, Tokyo area CPI:

And later, from China: