December Sees a Modest Increase in Industrial Output

Japan's industrial production index experienced a slight monthly increase of 0.3%, reaching 102.1 in December, as reported by the Ministry of Economy, Trade and Industry (METI). However, this figure represents a 1.1% decrease compared to the same period in 2023.

Shipments and Inventories Show Mixed Trends

The shipments index saw a 0.5% increase month-on-month, achieving a score of 100.3, yet it faced a 2.4% decline year-on-year. On the other hand, the inventories index recorded a 0.7% decrease from the previous month and a 2% reduction from December 2023, settling at 100.6.

Inventory Ratio Adjustments

The inventory ratio was noted at 106.2, marking a 1.6% decrease on a monthly basis but a 1.9% increase compared to the previous year.