Japan’s industrial production declined more than initially estimated in July, latest figures from the Ministry of Economy, Trade and Industry showed Monday.
Industrial production fell a seasonally adjusted 0.8 percent month-over-month in July, revised from the 0.6 percent decrease reported earlier. In contrast, production had risen 1.1 percent in June.
Shipments in July dropped 0.4 percent from the preceding month, revised from a 0.3 percent fall in the preliminary report.
Inventories also went down 0.8 percent in July, in line with flash data. Similarly, inventory ratio slipped 1.1 percent as initially estimated.
On an annual basis, industrial production showed no variations in July, following a 2.3 percent gain in June.
The capacity utilization rate edged down a seasonally adjusted 0.2 percent month-on-month in July, reversing a 0.7 percent increase in the prior month. However, the rate dropped 2.0 percent from the previous year, marking its seventh successive monthly decline.
Production capacity fell at a stable rate of 1.1 percent in July over the month. Meanwhile, it grew 0.3 percent yearly in July, the same rate of increase as in June.
The material has been provided by InstaForex Company – www.instaforex.com