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Financial News: Japan's Industrial Output Falls More Than Estimate

Japan's Industrial Output Falls More Than Estimate

09/14/2018 - 03:50:00 (RTTNews)

(RTTNews) - Japan's industrial production declined more than estimated in July, final data from the Ministry of Economy, Trade and Industry showed Friday.

Industrial output fell 0.2 percent on month in July instead of 0.1 percent drop estimated initially.

The decline in exports was revised to 2 percent from 1.9 percent. At the same time, stock dropped 0.2 percent as initially estimated, while the stock rate rose 0.4 percent, in line with preliminary estimate.

On a yearly basis, production grew 2.2 percent in July.

Data showed that capacity utilization decreased by adjusted 0.6 percent month-on-month but slower than the 2.2 percent decline posted in June. This was the third consecutive decrease in capacity utilization.

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