Japan Industrial Production, Retail Sales Rise in November
- Strong external demand fuels pick-up in factory output
- Retail sales beat expectations after falling short in October
Japan's Retail and Factory Data Beat Forecasts
This article is for subscribers only.
Industrial production in Japan rose in November, fueled by strong growth in exports. Retail sales rebounded to top expectations.
A yearlong recovery in exports has bolstered industrial output, supporting Japan’s longest economic expansion since the mid-1990s. Yet increasing domestic consumption remains key to the recovery becoming self-sustaining. Retailers are seeing more favorable conditions after bad weather kept Japanese shoppers at home through much of the third quarter, with household spending beating expectations last month.