Japan Aug Industrial Output Falls More Than Initial Forecast

Japan Aug Industrial Output Falls More Than Initial Forecast


Japanese industrial production declined 1.6 percent in August from a month ago, bigger than the 1.3 percent drop initially estimated, final data from the Ministry of Economy, Trade and Industry showed Monday. On a yearly basis, output was down 4.6 percent.
Growth in shipments was revised down to 0.2 percent from 0.4 percent, while inventory fell 1.6 percent, in line with initial estimate. Inventory ratio dropped 2.3 percent compared to the preliminary estimate of 2.9 percent decrease.
Capacity utilization slipped by seasonally adjusted 2.6 percent month-on-month in August, reversing last month's 0.5 percent growth.