Japanese industrial production likely to have grown strongly in December – DBS Bank

Japan’s industrial production data for the month of December is set to be released tomorrow. According to a DBS Bank research report, the Japanese industrial production is likely to have grown strongly by 0.9 percent on a sequential basis. On a year-on-year basis, industrial production is expected to have expanded 3.9 percent.

This might be inferred from the positive results in the Nikkei manufacturing PMI and the government’s survey on the manufacturers’ output plans. It affirmed, industrial production data would serve as another piece of evidence indicating that the Japanese economic growth has stayed strong at around 1 percent in the fourth quarter of 2017, added DBS Bank.

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