Japanese industrial production up 0.2% on-month in October

Japan`s factory production in October edged up 0.2 percent on-month, beating market expectations for a decline, according to official data released Friday.

Tokyo: Japan`s factory production in October edged up 0.2 percent on-month, rising for the second straight month and beating market expectations, according to official data released Friday.

The latest data from the Ministry of Economy, Trade and Industry compared with a market forecast for a 0.6 percent fall, and followed a 2.9 percent rise seen in September.

"Industrial production fluctuates indecisively," said the ministry said.

Analysts cited a recovery of exports and new auto sales as well as improving shipments in the electronics sector.

"It is a positive set of data that hints at hopes for future recovery in production," SMBC Nikko Securities said in a note.

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