Japan's industrial production declined by 2.3% month-over-month in November 2024, compared with market estimates of a 3.4% fall, preliminary data showed. The latest result followed a 2.8% growth in the previous month, marking the first contraction in industrial output since August. Lower production was mainly seen for production machinery (-9.1% vs 21.6 in October), motor vehicles (-4.3% vs 6.4%), and fabricated metals (-5.7% vs 7.8%). Yearly, industrial production shrank by 2.8%, shifting from a 1.4% increase in October.

Source: Trading Economics
Post by: Republic of Türkiye Ministry of Trade