Japan’s industrial output declined more than estimated and tertiary industry activity grew only marginally in August, reports from the Ministry of Economy, Trade and Industry showed Thursday.
Industrial output fell 1.2 percent in August from July, which was bigger than a 0.5 percent drop estimated initially.
The decline in shipment was revised to 0.7 percent from 0.5 percent. Inventories rose 0.3 percent instead of 0.4 percent, the ministry said.
At the same time, the inventory ratio was revised up to 6.2 percent from 6.1 percent.
Capacity utilization logged a monthly drop of 0.9 percent after easing 0.2 percent in July. On a yearly basis, it slid 2.3 percent.
Another report showed that tertiary industry activity grew marginally by 0.1 percent month-on-month in August. Economists had expected it to remain flat as seen in July.
The material has been provided by InstaForex Company – www.instaforex.com