Japan industrial production
- industrial production for June preliminary MoM -3.6% versus -1.7% estimate. Prior month +2.0%
- industrial production for June YoY -4.1% versus -2.0% estimate. Prior month -2.1%
- shipments MoM -3.3% versus +1.3% last month
- inventories MoM 0.3% versus 0.5% last month
- inventory ratio MoM2.8% versus 1.7% last month
- shipments year on year, -4.2% versus -1.8% last month
- inventories year on year, 2.9% versus 1.5% last month
- inventory ratio year on year, 6.3% versus 4.5% last month
Japan industrial production fell more than expected in June. The preliminary release is showing a -3.6% decline versus -1.7% estimate. Last month industrial production rose 2.0%.
For the year, industrial production fell -4.1% versus -2.0% estimate. The prior month was at -2.1%.
The numbers are not good and likely reflect the global slowing as a trade tensions.