Japan's industrial production forecast to contract

October would be the fourth consecutive month of decline.

DBS Group Research noted:

October industrial production (due tomorrow) is expected to contract -2% MoM sa, the fourth consecutive month of decline. Exports fell further by about -3% in October, both in nominal and in real terms.

The METI forecast also points to a -1.5% decline in industrial production in October. Although exports in other part of Northeast Asia have started to pick up thanks to recovering demand from China, Japan will likely continue to underperform due to its political tensions with China and the weakness of export competitiveness.

Given the continued contraction in exports and industrial output, chances are high that GDP growth has remained negative for the second consecutive quarter in 4Q – matching the definition of a technical recession. We expect a negative GDP growth of -1% QoQ saar in 4Q, compared to -3.5% in 3Q.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2573-0.0008-0.06%
    USDSGD=X
    1.7398-0.0004-0.02%
    EURSGD=X
    2.1112-0.0026-0.12%
    GBPSGD=X
    81.3334+0.0414+0.05%
    SGDJPY=X
    6.1667+0.0041+0.07%
    SGDHKD=X
    2.6008+0.0024+0.09%
    SGDMYR=X
    9,202.2588-53.7676-0.58%
    SGDIDR=X
    4.9746+0.0077+0.15%
    SGDCNY=X
    1.1660+0.0007+0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,293.90+3.30+0.26%
    GCM14.CMX
    19.60-0.09-0.45%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.11-0.01-0.27%
    HGK14.CMX
    101.51-0.43-0.42%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    2.22+0.010+0.45%
    JS8.SI
    0.121-0.002-1.63%
    B22.SI
    1.165+0.015+1.30%
    U6C.SI
    1.335-0.020-1.48%
    G13.SI
    1.22+0.005+0.41%
    S53.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.020+10.53%
    F86.SI
    0.116+0.010+9.43%
    O2I.SI
    0.167+0.015+9.87%
    5HH.SI
    0.72+0.050+7.46%
    5DP.SI
    1.315+0.084+6.82%
    O9A.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.141-0.013-8.44%
    5GD.SI
    0.151-0.009-5.63%
    A03.SI
    0.295-0.015-4.84%
    5IG.SI
    0.30-0.015-4.76%
    K29.SI
    1.05-0.050-4.55%
    T14.SI