Japan data – February preliminary Industrial Production
February preliminary Industrial Production is a disappointment at -0.1% m/m
expected +1.4%, prior -6.7%
For the y/y -3.4%
expected -2.7%, prior -1.5%
Forecasts:
March output is seen at +4.9% m/mApril output is seen at +3.3% m/m
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A government official says factory suspension in motor vehicle production affected the decrease in overall industrial output during February.
This article was written by Eamonn Sheridan at www.forexlive.com.