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Japan Dec Industrial Output Rises Less Than Estimated

Japan's industrial production grew 2.4 percent month-on-month in December, down from the 2.5 percent increase initially estimated, final data from the Ministry of Economy, Trade and Industry showed Friday.

Compared to the same period of last year, output was down 7.9 percent.

Monthly growth in shipments was revised down to 4 percent from 4.4 percent. Inventory dropped 1.2 percent on a monthly basis compared to a 1.1 percent fall initially estimated, while the decline in inventory ratio was confirmed at 0.6 percent in December.

Capacity utilization grew 2.9 percent from a month ago, when it was down 0.2 percent.

by RTT Staff Writer

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