Japan: Industrial activity deteriorates in September
Industrial output decreased 5.4% month-on-month in seasonally-adjusted terms in September, worsening from August’s 3.6% decline.
On an annual basis, industrial production decreased 2.3% in September, contrasting August’s 8.8% expansion and marked the worst result since January. Nevertheless, the trend improved sizably, with the annual average growth of industrial production coming in at plus 4.5%, up from August’s 3.8% reading.