Japan: Industrial output growth gains steam in August
Industrial output increased 3.4% in month-on-month seasonally-adjusted terms in August, which was above July’s 0.8% increase. August’s upturn was largely due to pickups in manufacturing production.
On an annual basis, industrial output rose 5.8% in August (July: minus 2.0% yoy), the best result since August 2021. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at an over one-year low of minus 0.8%, down from July’s minus 0.6% reading.