Japanese July Industrial Output Growth Rev. Up

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Monday, a report from Japan's Ministry of Economy, Trade and Industry showed that industrial production grew 2.1% month-on-month in July, revised up from the initial estimate of 1.9%. Annually, production was down 22.7%.

Monthly growth in shipments was revised to 2.4% for July from 2.3%, while inventory dropped 0.3% compared to a 0.2% fall estimated initially. Compared to July 2008, shipments and inventory plunged 22% and 10.6%, respectively.

Capacity utilization rose by a seasonally adjusted 3.9% in July, larger than the 2.3% increase seen in June. On an unadjusted basis, production capacity dropped 0.1% from June and declined 2% annually.

Monday, a report from Japan's Ministry of Economy, Trade and Industry showed that industrial production grew 2.1% month-on-month in July, revised up from the initial estimate of 1.9%. (Market News Provided by RTTNews)