Japan’s Industrial Production Revived by 4.6%, Above Expectations

Japan‘s industrial production rose faster than previously expected in February, according to revised data released by the Ministry of Economy, Trade, and Industry on Wednesday. In February, industrial production increased by 4.6% month on month, reversing a 5.3 % fall in January. The rate of increase in the flash report was 4.5%.

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Furthermore, this was the fastest pace of growth since June 2022, when output increased by 9.2%. In February, shipments increased by 3.9% month on month, while inventories increased by 1.3%. Meanwhile, the inventory ratio increased by 1.8% in the negative.

Japan’s industrial production declined 0.5% year on year in February, less than the 3.1% drop in the previous month. The most recent result was reduced from a 0.6% reduction recorded on March 30. In February, capacity utilization fell 0.1% month on month, following a 0.1% increase in January. Annual capacity utilization fell at a consistent rate of 0.2%.

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