Japanese Aug. Industrial Production Growth Rev. Down

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Japan's industrial production grew 1.6% in August from the prior month, revised down from the initial estimate of 1.8%, a report released by the Ministry of Economy, Trade and Industry showed Thursday. Year-on-year, industrial output was down 19%.

The ministry downwardly revised the monthly growth rate for shipments to 0.6% from 1%. Meanwhile, inventory edged up 0.1% compared to the nil growth estimated initially. On a yearly basis, shipments and inventory dropped 19% and 10.3%, respectively.

Further, the capacity utilization increased by a seasonally adjusted 2.3% month-on-month in August, down from 3.9% in July. On an unadjusted basis, production capacity rose 0.1% from the previous month and slipped 1.9% annually.

Japan's industrial production grew 1.6% in August from the prior month, revised down from the initial estimate of 1.8%, a report released by the Ministry of Economy, Trade and Industry showed Thursday. (Market News Provided by RTTNews)