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- Japan’s industrial production rose in November
Japan’s industrial production rose in November
According to preliminary data of the Ministry of Economy, Trade and Industry of Japan the index of industrial production increased by 1.5%, after flat in October. Economists had expected an increase of 1.7%. On an annual basis Japan industrial activity grew by 4.6%, much higher than the previous value of -1.4%. Industrial production - an indicator of the volume of production plants, factories and mining enterprises, main indicator of the strength and health of the manufacturing sector. A high value is considered positive for the Japanese currency.
As for the future, the manufacturers expect industrial production growth at about 2.0% in December and 2.2% in January.
The Ministry of Commerce noted that industrial production is gaining momentum on the back of export growth and improving global demand.
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