According to data released today by the Ministry of Economy, Trade and Industry of Japan, the volume of industrial production in October was unchanged (0%), while most analysts had expected a small growth rate of 0.1%. On an annual basis, industrial production fell in October 1.4%, after + 1.5% in the previous year.

Delivery volumes increased by 2.0% compared to the previous reporting period. At the same time, stocks of inventory levels decreased by 2.1%. The data also showed that the capacity utilization rate rose in October by 1.4% on monthly basis, compared with a 2.0% growth in September.