In September this year, Japan's industrial production decreased 1.1 percent from the previous month, while output rose by 2.5 percent from September last year, according to the preliminary indices of the Industrial Production report published by Japan's Ministry of Economy, Trade and Industry (METI).
On the other hand, in September the Japanese iron and steel production index rose by 2.7 percent year on year, while Japan's seasonally adjusted iron and steel production index increased by 0.4 percent in September compared to August. Meanwhile, in September Japanese producers' iron and steel shipments decreased by 1.3 percent and iron and steel inventories were down by 2.9 percent, both compared to the previous month.
According to the ministry's Survey of Production Forecast in Manufacturing, Japanese industrial production is expected to increase by 4.7 percent in October and to fall by 0.9 percent in November, both month on month. Meanwhile, Japanese iron and steel production is expected to rise 0.6 percent in October and to increase by one percent in November, month on month.