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Japanese industrial output stronger than thought
LOS ANGELES (MarketWatch)
Japan's industrial production jumped by 4.0% in December, swinging from a 2.7% drop in November, the Ministry of Economy, Trade and Industry reported Tuesday
The result outpaced a forecast rise of 2.9% from a Dow Jones Newswires poll of economists
A ministry survey accompanying the data, however, showed manfacturers were more pessimistic than a month earlier
The average forecast for January industrial output fell to 2.5% from a 3.4% estimate in the previous survey
For February, the respondents tipped a 1.2% gain for industrial output
Japan's industrial production jumped by 4.0% in December, swinging from a 2.7% drop in November, the Ministry of Economy, Trade and Industry reported Tuesday
The result outpaced a forecast rise of 2.9% from a Dow Jones Newswires poll of economists
A ministry survey accompanying the data, however, showed manfacturers were more pessimistic than a month earlier
The average forecast for January industrial output fell to 2.5% from a 3.4% estimate in the previous survey
For February, the respondents tipped a 1.2% gain for industrial output
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