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Japan’s Factory Output Keeps Gaining Even as Virus Resurges

From bnnbloomberg.ca

Japan’s industrial production maintained its pace in October even amid a resurgence of the coronavirus at home and abroad. Factory output gained 3.8% from September, when it advanced 3.9%, the economy ministry reported Monday. Analysts had forecast a 2.4% gain. Production has risen for five straight months, the longest streak since 2016, amid rebounds from a collapse in May during a nationwide state of emergency. A separate report showed retail sales rose 0.4% in October from the previous month, compared with a 0.5% gain forecast by economists. Key Insights • Another month of increasing factory output adds to ... (full story)

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  • Category: Fundamental Analysis