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Japan Oct industrial output up 0.2% m-o-m: METI
[TOKYO] Japan's industrial output unexpectedly rose 0.2 per cent in October, marking a second straight month of gains, government data showed on Friday, in a tentative sign of recovery from a decline in demand caused by a sales tax hike earlier this year.
The month-on-month rise compared with economists' median estimate of a 0.6 per cent decline in a Reuters poll. It followed a 2.9 per cent rise in September, which was the biggest gain so far this year.
Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to rise 2.3 per cent in November and increase 0.4 per cent in December.