TOKYO (MNI) – Japanese industrial production rose a revised 0.4%
mon-on-month in July, down from the preliminary reading of +0.6%, data
from the Ministry of Economy, Trade and Industry showed on Wednesday.
Industrial output posted a fourth straight monthly rise but the
pace of growth decelerated from +3.8% in June.
Last month, METI’s survey of firms’ forecasts showed that overall
production is expected to rise 2.8% m/m in August, but will decline 2.4%
September.
Compared with the year earlier level, production in July fell 3.0%,
compared with the preliminary reading of -2.8%, posting the fifth
straight y/y drop.
Other details from the latest data:
Shipments: July revised +0.1% m/m (preliminary +0.2%) vs. June
+8.1%, posting the third straight rise.
Inventories: July revised -0.1% m/m (preliminary -0.2%) vs. June
-2.8%, marking a second straight fall.
The inventory-to-shipments ratio: July revised +4.0% m/m
(preliminary +3.9%) vs. June -7.3%, showing the first rise in three
months.
The capacity utilization ratio: July +0.6% m/m vs. +5.2% in June.
tokyo@marketnews.com
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