Japan data – February preliminary Industrial Production -0.1% m/m (expected +1.4%)

Japan data – February preliminary Industrial Production

February preliminary Industrial Production is a disappointment at -0.1% m/m

• expected +1.4%, prior -6.7%

For the y/y -3.4%

• expected -2.7%, prior -1.5%

Forecasts:

• March output is seen at +4.9% m/m
• April output is seen at +3.3% m/m

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A government official says factory suspension in motor vehicle production affected the decrease in overall industrial output during February.

This article was written by Eamonn Sheridan at www.forexlive.com.