Japan's industrial production down 7.7% YoY in October
Industrial production in Japan was 4.5% lower in October compared to the previous month and 7.7% lower compared to the same month in 2018, the country's Ministry of Economy, Trade and Industry said in its report.
Shipments were down 4.5%, where inventories increased 1.3% month on month. Compared to September 2018, the mentioned figures were 7.3% lower and 2.6% higher, respectively.
Inventory ratio stood at 113.4, up 4.6% compared to last month and 9.5% on an annual basis.