×

Japan industrial production beats estimates, retail sales fall

An employee places a new price sign on bottles of coffee at an Aeon Co. supermarket in Chiba, Japan.
Tomohiro Ohsumi | Bloomberg | Getty Images
An employee places a new price sign on bottles of coffee at an Aeon Co. supermarket in Chiba, Japan.

Japan's industrial output rose 3.7 percent in January, up for the first time in three months, government data showed on Monday, in what may be a temporary pickup in factory activity amid weak domestic and external demand.

The rise compared with economists' median estimate of a 3.3 percent gain in a Reuters poll, data by the Ministry of Economy, Trade and Industry showed.

Manufacturers surveyed by the ministry expect output to fall 5.2 percent in February and increase 3.1 percent in March, the data showed.

Separate figures showed Japanese retail sales fell 0.1 percent in January from a year earlier, short of a median market forecast for a 0.5 percent increase.