Industrial production in Japan fell 2.30% n May on a seasonally adjusted basis, according to data from the Ministry of Economy, Trade and Industry in its preliminary estimates. The 2.30% decline in May was below the forecasts which estimated a 0.20% decline. In April, Japan's industrial production increased 0.50%. On a year over year basis, industrial production was down 0.10% on the month below estimates of a 1.90% gain following April's 3.30% year over year declines. The METI said that industrial production was fluctuating indecisively. Chemicals, general purpose, production and business machinery and electronic parts contributed to the industrial production growth. Analysts estimate that industrial production is expected to rise 1.70% in June and 1.30% in July.
BoE hints at interest rate cuts
Daily Analysis - 01/07/2016