LOS ANGELES (MarketWatch)
Japan's industrial production rose a seasonally
adjusted 2.5% in December, swinging from November's 1.4% decline, the Ministry
of Economy, Trade and Industry said Thursday
The result undershot expectations,
however, as economists polled by Dow Jones Newswires had on average forecast a
4.0% rise for the somewhat volatile data set, while Reuters had projected a 4.5%
gain
Transport equipment and machinery drove the gains, the ministry said
A
survey of planned projection included with the data tipped a 2.6% rise for the
current month's production, improving from a 2.4% prediction in last month's
survey
For February, respondents expected a 2.3% rise
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