Japan Industrial Production Rises 0.4% In February
Industrial output in Japan was up a seasonally adjusted 0.4 percent on month in February, the Ministry of Economy, Trade and Industry said in Tuesday’s preliminary reading.
That beat forecasts for a flat reading following the 1.0 percent increase in January.
On a yearly basis, industrial production fell 4.7 percent – but that also beat expectations for a drop of 4.8 percent following the 2.3 percent decline in the previous month.
Upon the release the data, the METI revised its assessment of industrial production – saying that it fluctuates indecisively but has weakened.