Japan’s preliminary industrial production for November came in at 7.2% m/m much higher than the expected 4.8% m/m and the October reading of 1.8%. Two years ago, deep in the pandemic industrial production was -4.2% m/m. Production in the auto sector benefited from a global parts supply recovery, output of cars and other motor vehicles surged 43.1% for the month Japan Industrial Production for November 2021 (preliminary) Industries that mainly contributed to the increased 1.Motor vehicles, 2.Plastic products, 3.Iron, steel … Continue reading “Japanese Industrial Production Surges to Record High 7.2% m/m In November”
Japan’s manufacturers’ sentiment fell to a 7-month low in November Reuters Tankan survey showed. On the other hand the non-manufacturers index rose to +1, a 3-month high from -1 in October.
Japan’s PMIs in February all fell into contraction, much lower than already anemic expectations. Japanese manufacturing, service and composite PMI® all fell under 50. The business outlook remains pessimistic.
Japan’s preliminary industrial production for November came in at -4.2% m/m, much lower than an already anemic expected -2.0%.In May the Nikkei Japan Manufacturing PMI® business outlook turned pessimistic for the first time in six-and-a-half years.
The Nikkei Japan Manufacturing PMI® in May showed output was reduced for a fifth successive month as demand from both domestic and overseas markets fell. Cusiness outlook turned pessimistic for the first time in six-and-a-half years.
The monthly Reuters Tankan survey indicates Japanese manufacturer’s sentiment falling the lowest since October 2016 in March with the sentiment index at +10 from February’s +13. This was the fifth consecutive monthly fall for the sentiment index.
The monthly Reuters tankan survey indicates Japanese manufacturer’s sentiment falling to a 2 year low in January with the sentiment index at +18 from December’s +23. This was third consecutive monthly fall for the manufacturers’ sentiment index to a 2 year low.