Japan's industrial production declined more than estimated in May, final data from the Ministry of Economy, Trade and Industry showed Friday.
Industrial output was down 3.4 percent from a month ago, sharper than the 3.1 percent drop initially estimated. Annually, production grew 6 percent.
Shipments dropped 1.3 percent month-on-month and inventory dipped 0.7 percent. The monthly variations were revised down from -1.5 percent and -0.6 percent, respectively.
In May, capacity utilization declined at a faster pace of 2.2 percent on month, following a 0.6 percent drop in April.
by RTT Staff Writer
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