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Industrial output in Japan was up 0.5 percent on month in October, the Ministry of Economy, Trade and Industry said in a preliminary report on Monday, posting a seasonally adjusted index score of 89.9 and rising for the eighth consecutive month.
That was sharply lower than analyst expectations for a 2.5 percent increase following the 2.1 percent gain in September.
On an annual basis, output fell 15.1 percent after the 18.4 percent contraction in the previous month.
Industries that contributed to the increase included general machinery, fabricated metals, information and communication electronics equipment. Commodities that were up included metal oxide semiconductor ICs, semiconductor products machinery and parts and accessories of steam turbines.
According to the Survey of Production Forecast in Manufacturing, production is expected to increase 3.3 percent in November and to increase 1.0 percent in December. Industries tipped to rise in November include transport equipment and general machinery. Industries called higher in December include electrical machinery, iron and steel and general machinery.
Shipments in October were up 1.3 percent from the previous month, up for the eighth consecutive month. It showed a decrease of 13.0 percent from the previous year. Industries that gained included transport equipment, information and communication electronics equipment and general machinery.
Inventories in October fell 1.5 percent on month, contracting for the second consecutive month. It showed a decrease of 14.4 percent from the previous year. Industries that declined included general machinery, iron and steel and transport equipment.
The Inventory-Shipment Ratio was flat on month in October. It showed an increase of 3.0 percent from the previous year.
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