Japan industrial production y/y confirmed preliminary estimate of -1.9%

As per the latest release from the Ministry of Economy, Trade and Industry, Japan’s December month industrial production y/y came in at -1.9% versus -1.9% preliminary estimates and +1.5% previous release.

The industrial production also confirmed preliminary forecast on a monthly basis by printing 0.1% contraction versus -1.0% previous month figure.

About Japan industrial production

The Industrial Production released by the Ministry of Economy, Trade and Industry measures outputs of the Japanese factories and mines. Changes in industrial production are widely followed as a major indicator of strength in the manufacturing sector. A high reading is seen as bullish for the JPY, whereas a low reading is seen as bearish.