Japan’s industrial output stutters in November as global risks pressure growth
Industrial output contracted by 1.1% in November on a month-on-month basis due to a pullback in output from the general-purpose machinery segment.
Japan’s factory output shrank for last month, reversing from the gains in October, government data showed on Friday.
Industrial output contracted by 1.1% in November on a month-on-month basis due to a pullback in output from the general-purpose machinery segment. The reading contrasts from a 2.9% increase in October. Economists had expected a 1.9% decline for the month.
Manufacturers are feeling dismal towards industrial output performance in the coming months. Based on a survey by the Ministry of Economy, Trade and Industry, manufacturers expect output to rise 2.2% in December but to fall by 0.8% in January.
After a slew of natural disasters which hit the nation from July to September this year, affecting businesses and disrupting factory production, economists expect the country to rebound for the last quarter of the year.
However it remains to be seen for the trade-dependent economy as the world continues to be mired in global risks such as the China-United States (US) trade war, US fiscal and monetary policies, and trade protectionism stance seen from some countries.
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
This information/research prepared by IGA or IGA Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
Please see important Research Disclaimer.
Live prices on most popular markets
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.