Japan’s industrial production fell 2.1% m-m in June, falling far short of the consensus forecast (Bloomberg survey median), which called for a 0.3% decline, notes the research team at Nomura. Key Quotes “Of the 15 sectors surveyed, production was down m-m at 12, with the exceptions being iron & steel, electronic parts & devices, and transport equipment. The broad-based extent of the decline suggests it is not attributable to special factors in particular sectors.” “That said, industrial production for April through June rose 1.2% q-q, more or less offsetting the 1.3% q-q decline recorded in Jan-Mar. The survey of production forecasts indicates that manufacturers anticipate m-m increases of 2.7% and 3.8% in July and August, respectively.” “Adjusting these figures using realization and amendment ratios over the past three months gives a Jul-Aug average of +0.5% growth versus Apr-Jun, suggesting moderate but continued growth.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Review: Flirts with an important horizontal support, near $1218 level FX Street 5 years Japan's industrial production fell 2.1% m-m in June, falling far short of the consensus forecast (Bloomberg survey median), which called for a 0.3% decline, notes the research team at Nomura. Key Quotes "Of the 15 sectors surveyed, production was down m-m at 12, with the exceptions being iron & steel, electronic parts & devices, and transport equipment. The broad-based extent of the decline suggests it is not attributable to special factors in particular sectors." "That said, industrial production for April through June rose 1.2% q-q, more or less offsetting the 1.3% q-q decline recorded in Jan-Mar. The survey of production… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
