Japan's Industrial Production Decreased 1.7% From The Previous Month

In November this year, Japan's industrial production decreased 1.7% from the previous month, showing a month on month decrease after two months of upward movement, while a decrease of 5.8% was recorded compared to November of the previous year.

According to the preliminary indices of the Industrial Production report published by Japan's Ministry of Economy, Trade and Industry, fabricated metals was one of the main industrial segments which contributed to the month on month decrease in November.

Japanese seasonally adjusted fabricated metals output index in November was down by 5.1% while the seasonally adjusted iron and steel production index in the month in question decreased by 2.3% both month on month.

Japan's original iron and steel production index in November this year fell by 6% year on year. Meanwhile, in November Japanese producers' iron and steel shipments fell by 3.7%, while their iron and steel inventories were down by 2.7% both compared to the previous month.

On the other hand, according to the ministry's preliminary Current Survey of Production report, in November this year Japan produced 6.56 million tonne of pig iron, down 3.3%
72,245 tonne of ferroalloys, down 11.5%
8.5 million tonne of crude steel, down 3.8%
8.3 million tonne of semi finished steel, down 3.7% all compared to October this year.

According to the ministry's Survey of Production Forecast in Manufacturing, Japanese industrial production is expected to increase 6.7% in December and to increase 2.4% in January, both month on month.