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Industrial output in Japan was up 1.4 percent on month in September, the Ministry of Economy, Trade and Industry said on Thursday, posting an index score of 85.1.
The reading marked the seventh straight month of gain and also came in above expectations for a 1.0 percent increase following the 1.6 gain in August.
On an annual basis, output was down 18.9 percent compared to forecasts for a 19.3 percent decline after the 19.0 percent contraction in the previous month.
For the third quarter, industrial production was up 7.2 percent compared to the previous three months.
The transportation equipment industry fueled the increase in production, as did the electronics parts and electrical machinery industries. Among the commodities that increased were passenger cars and automobile parts.
Shipments were down 3.4 percent on month in September, falling for the seventh straight month with a seasonally adjusted index score of 87.1. Shipments were down 17.3 percent on year, thanks to increases among transport equipment, electronics parts and general machinery.
Inventories were down 0.5 percent on month in September, easing for the first time in two months with a seasonally adjusted index score of 94.6. Inventories were down 12.2 percent on year, thanks to declines among chemicals, general machinery and plastic products.
The inventory ratio fell 4.7 percent on month in September, falling for the fourth consecutive month with a seasonally adjusted index score of 117.2. The inventory ratio was up 7.2 percent on year.
In the ministry's survey of production forecast, production is expected to increase 3.1 percent in October and 1.9 percent in November.
Also on Thursday, an index measuring corporate service prices in Japan was down 3.2 percent on year in September, the Bank of Japan said, posting a score of 98.0. That was marginally better than forecasts for a 3.4 percent annual decline after the 3.5 percent fall on year in August.
On month, corporate service prices eased 0.2 percent. For the third quarter, prices were down 3.4 percent on year and 0.4 percent on quarter.
Among the individual components, transportation and advertising process were higher, while leasing, rental and real estate prices were down.
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