Japanese Industrial Output Declines In August

(RTTNews) - Japan's industrial production fell 0.5% in August from July, data from the Ministry of Economy, Trade and Industry showed on Friday. According to preliminary estimate, production decreased only 0.3%. On the other hand, industrial production increased 15.1% on an annual basis.

The decline in shipments was revised to 0.8% from 0.5%. Annually, it grew 15.8%. Meanwhile, growth in inventory was revised up to 0.8% from 0.7%.
In August, capacity utilization fell by a seasonally adjusted 0.9% from the prior month, following a 0.3% drop in July. On an unadjusted basis, it fell 9.8% month-on-month and rose 16.2% annually.