Global| Nov 29 2007Japan IP Sharply High in the Month of October
Summary
Japan continued to see its textile business eaten alive by international competition in October. Still, manufacturing output rose by 1.6% month-to-month and stands higher year/year by 3.5% after rising 6.6% the year before. Consumer [...]
Japan continued to see its textile business eaten alive by
international competition in October. Still, manufacturing output rose
by 1.6% month-to-month and stands higher year/year by 3.5% after rising
6.6% the year before.
Consumer goods and intermediate goods continue to show solid
gains. Investment goods output is off by 1.7% year/year and is off at a
4.3% annual rate over three months.
On the whole, Japan’s industrial sector is doing well, living
off exports while domestic demand is still trying to find its way.
| Japan Industrial Production Trends | |||||||
|---|---|---|---|---|---|---|---|
| m/m % | Saar % | Yr/Yr | |||||
| Oct-07 | Sep-07 | Aug-07 | 3-mo | 6-mo | 12-mo | Yr-Ago | |
| Mining & Manufacturing | 1.6% | -1.4% | 3.5% | 15.6% | 8.9% | 3.5% | 6.6% |
| Total Industry | 1.4% | -1.3% | 3.8% | 16.5% | 7.6% | 3.3% | 6.3% |
| Manufacturing | 1.6% | -1.4% | 3.5% | 15.6% | 8.9% | 3.5% | 6.6% |
| Textiles | -0.3% | -1.0% | -1.0% | -8.8% | -4.2% | -5.5% | -2.3% |
| Transport | 6.7% | -6.3% | 19.1% | 101.5% | 32.3% | 11.5% | 14.2% |
| Product Group | |||||||
| Consumer Goods | 1.6% | -2.2% | 8.8% | 36.5% | 5.7% | 2.9% | 5.7% |
| Intermediate Goods | 1.2% | 0.0% | 2.8% | 17.3% | 11.9% | 5.9% | 7.1% |
| Investment Goods | 1.9% | -5.3% | 2.5% | -4.3% | 1.6% | -1.7% | 6.3% |
| Mining | -2.9% | 2.9% | -0.6% | -2.9% | 6.7% | 4.7% | 6.4% |
| Electricity & Gas | -3.0% | 1.8% | 8.7% | 32.7% | -0.3% | 2.5% | 2.9% |
Robert Brusca
AuthorMore in Author Profile »Robert A. Brusca is Chief Economist of Fact and Opinion Economics, a consulting firm he founded in Manhattan. He has been an economist on Wall Street for over 25 years. He has visited central banking and large institutional clients in over 30 countries in his career as an economist. Mr. Brusca was a Divisional Research Chief at the Federal Reserve Bank of NY (Chief of the International Financial markets Division), a Fed Watcher at Irving Trust and Chief Economist at Nikko Securities International. He is widely quoted and appears in various media. Mr. Brusca holds an MA and Ph.D. in economics from Michigan State University and a BA in Economics from the University of Michigan. His research pursues his strong interests in non aligned policy economics as well as international economics. FAO Economics’ research targets investors to assist them in making better investment decisions in stocks, bonds and in a variety of international assets. The company does not manage money and has no conflicts in giving economic advice.
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