Japan’s February industrial output shows expansion in February

Japan’s February industrial output shows expansion in February

In February, Japan's industrial production managed to rebound from a huge dive in January and companies foresee further leaps in the nearer future. That’s an obvious sign that factory output will get back to expansion soon.

In February, factory output tacked on 4.1% from January, which is less than experts’ median estimate of a 5% jump, although reviving from an updated 6.8% dive in January, as trade ministry data demonstrated on Friday.

The jump was mostly led by higher output of vehicles, semiconductors and construction equipment.

Manufacturers polled by the Trade and Industry and the Ministry of Economy expected output to edge up 0.9% this month, while April is believed to offer a 5.2% ascend.

In February, separate data disclosed that labor demand slumped a bit and the jobless rate soared in February, although the labor market is anticipated to stay tight because of a shortage of employees.

Revenues in industrial output drop a hint that January's weakness turned to be temporary, while the Japanese economy is still braced for extending its record surge marathon because of firm exports as well as strengthening domestic demand.

In February, output of engines, vehicles as well as car parts inched up 10.3%, which is the fastest rally since April in 2017.

In February, output of construction equipment along with factory machinery tacked on 3.6%, while output of semiconductors as well as electronic parts edged up 4.8%.

The jobs-to-applicants ratio headed south to 1.58 versus January’s outcome of 1.59, which appears to be the highest result for 44 years. As for the jobless rate, it managed to rally to 2.5% in February from January’s result of 2.4%.

Exports, consumer spending and capital expenditure have assisted in driving surge in Japan.

Market experts told that this year consumer spending could potentially lose some momentum, although they guess exports would stay firm due to sustained demand worldwide.

 

Similar

UK CPI

This economic indicator is highly important for the Bank of England’s monetary policy because it is used as the central bank’s inflation target.

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera