Japanese Jan. Industrial Output Growth Revised Up

(RTTNews) - Japanese industrial production rose 2.7% on a monthly comparison in January, revised up from the initial estimate of 2.5%, a report from the Ministry of Economy, Trade and Industry revealed on Friday. Annually, production surged 18.5%.

Month-on-month rise in shipments was also revised up to 2.7% from 2.4%. Inventory increased 1.1% compared to the preliminary forecast of 1%. While shipments grew 19.6% from the previous year level, inventory dropped 12.5%.

The capacity utilization showed a seasonally adjusted monthly growth of 3.9%, following a 1.4% rise in December. On an unadjusted basis, capacity utilization slipped 3.3% on month and climbed 26.1% annually.