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Japan Feb. Industrial Production Falls 1.6%

Industrial production in Japan declined 1.6 percent month-on-month in February, final data from the Ministry of Economy, Trade and Industry showed Tuesday.

This compares to the preliminary reading of 1.8 percent fall, according to data updated after the ministry's annual data revision.

In the preliminary report released last month, the ministry reported a 1.2 percent decline in production in February.

Annually, production rose 1.5 percent in February, the report said. Capacity utilization rate rose 0.1 percent month-on-month to 107.8. This was 0.5 percent lower than in February last year.

by RTTNews Staff Writer

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