Japan Industrial Production Adds 0.7% In August

Industrial production in Japan was up 0.7 percent on month in August, the Ministry of Internal Affairs and Communications said in Friday's preliminary reading.

That was shy of forecasts for an increase of 1.4 percent following the 0.1 percent decline in July.

On a yearly basis, industrial production added 0.6 percent - again missing forecasts for an increase of 1.5 percent and down sharply from 2.2 percent in the previous month.

Upon the release of the data, the METI's assessment of industrial production was that it is "picking up slowly but shows signs of decrease in part."

News are provided by InstaForex