Japan Industrial Production for April +2.5% m/m (expected +3.9%)

IP up 2.5% m/m and +15.4% y/y 

  • expected +3.9% m/m, prior +1.7%

  • expected +16.9% y/y, prior +3.4% (note the y/y expected is very much influenced by the ‘base effect’ of comparison to a super-weak 2020 due to the pandemic response impact upon the economy)

Manufacturing firms see May output -1.7% m/m and June +5.0% m/m  Source

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