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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: bobby beara who wrote (21356)	7/28/1999 10:22:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 99985

FOCUS-Japan June output data unexpectedly strong TOKYO, July 29 (Reuters) - Japan on Thursday announced a surprisingly strong jump of three percent in its June industrial output from the previous month, but economists warned that production growth could dip again later in the year. The three percent preliminary rise compared with an average forecast of a 1.7 percent rise in a Reuters survey of economists this week. The 13 forecasts ranged from rises of 1.2 percent to 2.3 percent. For the April-June quarter, output was down one percent from the previous quarter. The figures were especially closely watched by economists since they provide a key clue to the second quarter gross domestic product figures, to be announced in September. biz.yahoo.com

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