Japan Industrial Production for May (preliminary) -5.9% m/m (expected -2.4%)

The flash reading for IP in Japan in May 2021.

-5.9% m/m, first drop in 3 months.

• expected -2.4% m/m, prior +2.9%

+22.0% y/y

• expected +20% y/y, prior +15.8%

Japanese manufacturers forecast:

• June industrial output at +9.1% m/m
• July at -1.4% m/m

more to come