Japan: Industrial output bounces back in October
Industrial output increased 1.1% in month-on-month seasonally-adjusted terms in October, which contrasted September’s 5.4% decrease.
On an annual basis, industrial output fell at a quicker rate of 4.1% in October (September: -2.3% yoy), the lowest result since January. Accordingly, annual average industrial production growth fell to 4.4% in October (September: +4.5%), signaling a worsening trend in the industrial sector.