Japan October Industrial production (preliminary) +1.0% m/m (expected 0.8%)

Data from Japan for October 2023

• a beat for IP
• a miss for retail

Japanese manufacturers' forecasts:

• expect November output at -0.3% m/m (prior forecast was -2.8%)
• expect December output at +3.2% m/m

A Japanese govt official on industrial output:

• overall motor vehicle production went up in October, but regular passenger car output went down partly due to Toyota's output disruption