TOKYO (MNI) – Japanese industrial production fell a revised 3.3%
month-on-month in September, better than the preliminary reading of
-4.0%, data from the Ministry of Economy, Trade and Industry showed on
Monday.
Despite the upward revision, industrial output posted the first
fall in six months.
Last month, METI’s survey of firms’ forecasts showed that overall
production is expected to rebound by 2.3% m/m in October — revised down
from the 3.8% gain estimated in the previous survey — and it is
expected to increase by 1.8% in November.
Compared with the year earlier level, production in September fell
3.3%, revised up from the preliminary reading of 4.0% fall.
Other details from the latest data:
Shipments: Sep revised -2.0% m/m (preliminary -2.6%) vs. Aug +0.2%.
Inventories: Sep revised -0.1% (preliminary unchanged) vs. Aug
+2.1%.
The inventory-to-shipments ratio: Sep revised +3.8% (preliminary
+4.2%) vs. Aug. -1.4%.
The capacity utilization ratio: Sep -3.6% m/m vs. +2.4% m/m in Aug.
tokyo@marketnews.com
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