Japan: Industrial output flatlines in November
December 28, 2020
Industrial output flatlined in November having grown 4.0% month-on-month in October. November's figure marked the worst reading since May.
On an annual basis, industrial production fell at a sharper rate of 3.4% in November (October: -3.0% yoy). Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 10.1% in November, up from October's minus 10.5%.
Author: Stephen Vogado, Economist