Advertisement
September Japanese industrial production is this morning and looks quite sick falling -4.1% (prior was 1.6%, expected was -3.1%). That ;s year on year fall of -8.1% (prior was -4.6%, expected was -7.1%).
Some of this can be attributed to the scuffle with China over the Diaoyu Islands dispute but it is still real damage and can’t help the struggling recovery in the bulk commodities.
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
Advertisement