Japan’s Ministry of Economy, Trade and Industry released its preliminary industrial production data on late Wednesday evening. Preliminary industrial production in Japan climbed 3.6% in March, exceeding expectations for a 2.9% rise, after a 5.2% drop in February.
The increase was mainly driven by rises in production, shipments, inventories and inventory ratio.
According to a survey by the ministry, industrial production is expected to increase 2.6% in April, and to decline 2.3% in May.
On a yearly basis, Japan’s industrial production was up 0.1% in March, after a 1.2% decrease in February.
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