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Japan industrial output falls more than expected by 4.6% M/M in January

Feb. 28, 2023 1:28 AM ETEWJ, JEQ, DXJ, FXYBy: Meghavi Singh, SA News Editor
  • Industrial production in Japan decreased by 4.6% month-on-month in January 2023, falling at the steepest pace in eight months and exceeding forecasts for a 2.6% drop, preliminary data showed.
  • Industries that mainly contributed to the decline were motor vehicles, production machinery and electronic parts & devices.
  • Meanwhile, an increase in industrial production was recorded in general-purpose & business-oriented machinery, chemicals and petroleum & coal products.
  • On an annual basis, industrial production fell 3.1% in January, the third straight month of decline.

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