Japan industrial production rose 0.1% mom in February, below expectation of 0.5% mom. That’s nonetheless the first rise in three months. index of production stood at 95.8, against the 2015 base of 100.
Auto production rose 10.9% mom, after plunging -17.3% mom in January. Output of transport equipment rose 7.9% mom. Chemical products dropped -9.6%.
Looking ahead, the Ministry of Economy, Trade and Industry expects output to keep expanding, up 3.6 percent in March and 9.6 percent in April, respectively, based on a poll of manufacturers.
