Technical Analysis

Japan data – November preliminary industrial production -0.1% m/m (expected -0.3%)

Data from Japan for industrial output, the flash reading, for November 2022:

-0.1% m/m

  • expected -0.3%, prior -3.2%

-1.3% y/y

The Japanese government has cut its assessment of industrial production, says IP is weak. Says manufacturing confidence remains weak.

Manufacturers outlooks:

  • December seen at +2.8% m/m
  • January seen at -0.6% m/m

Of more note is this from the Bank of Japan at the same time:

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