Japan Industrial Production Rises Less Than Estimated

Trading 14 oct 2020 Donner votre avis

Japan's industrial production rose less-than estimated in August, final data from the Ministry of Economy, Trade and Industry said on Wednesday.

Industrial production rose a seasonally adjusted 1.0 percent month-on-month in August. In the initial estimate, production increased 1.7 percent.

Shipments grew 1.5 percent monthly in August versus a 2.1 percent rise in the initial estimate.

Inventories declined 1.3 percent in August. According to the initial estimate, inventories fell 1.4 percent.

The inventory ratio fell 2.0 percent versus a 2.5 percent decrease in the initial estimate.

On a yearly basis, industrial production fell 13.8 percent in August. In the initial estimate, production fell 13.3 percent.

Data also showed that the capacity utilization rose 2.9 percent monthly in August and fell 16.3 percent from a year ago.

The material has been provided by InstaForex Company - www.instaforex.com

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