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Japan Nov. Industrial Output Drops Less Than Estimated

Japan's industrial production decreased less than initially estimated in November, final data from the Ministry of economy, Trade and Industry showed Friday.

Industrial production declined a seasonally adjusted 1.4 percent month-on-month in November, slower than the 1.7 percent fall estimated earlier.

Shipments of industrial products dropped at a slower rate of 0.8 percent sequentially than the 1.1 percent fall seen in preliminary estimates. Industrial inventory dropped 1.2 percent compared to October, in line with preliminary estimates.

On an annual basis, unadjusted industrial production declined 5.5 percent in November, the agency said.

At the same time, capacity utilization in Japanese industries dropped a seasonally adjusted 0.2 percent month-on-month in November, reversing the previous month's 1.6 percent rise. Year-on-year, capacity utilization fell 5.6 percent, data showed.

by RTTNews Staff Writer

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