JEQ - Japan's factory output dips in November; retail sales surpass expectations

2023-12-28 01:10:42 ET

• Industrial production in Japan declined by 0.9% month-over-month in November 2023, shifting from a final 1.3% growth in the prior month but coming less than market estimates of a 1.6% fall, preliminary data showed, marked the first decrease since August.

• On a yearly basis, industrial output dropped by 1.4% in November, the first fall in three months, and after a 1.1% increase in October.

• Separate data showed Japanese retail sales expanded 5.3 per cent in November from a year earlier. That was roughly in line with the median market forecast for a 5.0 per cent gain and marked the 21st consecutive month of expansion since March 2022.

• Compared with the previous month, retail sales grew 1.0 per cent in November, following a 1.7 per cent decline in October, the data showed.

• ETFs: ( JEQ ), ( EWJ ), ( DXJ ), ( FXY ).

• Currency: ( USD:JPY )

• More on Japan economy:

  • Japan November jobless rate flat at 2.5%

  • Japan's inflation rate continue to ease in November as food price hikes slow

  • Summary of opinions: Members of BOJ called for debate on future exit from easy policy

  • Bank of Japan maintains ultra-loose monetary policy; no change to dovish policy guidance

  • Japan's core inflation up 2.9% missing forecast

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