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Japan Industrial Output Revised To Show Steeper Decline In April

Japan industrial production was revised to show a steeper decline in April, final figures from the Ministry of Economy, Trade and Industry showed Friday.

Industrial output declined 2.8 percent on month in April, a faster rate of decline than the preliminary estimate of a 2.5 percent fall. In March, production rose 0.7 percent.

On a year-over-year basis, industrial output rose by a revised 3.8 percent, down from the preliminary estimate of a 4.1 percent rise. This follows the 6.4 percent increase in March.

Shipments fell 0.5 percent month-over-month and inventory fell 0.5 percent in April, with both remaining unrevised from the preliminary estimates.

Mining and manufacturing output declined 2.8 percent in April.

Manufacturing output of iron and steel fell 0.3 percent and manufacturing output of electronic parts and devices decreased 5.3 percent.

Manufacturing production of electrical machinery industry and information and communication machinery fell 1.1 percent and 1.9 percent, respectively.

Transport machinery manufacturing output declined 2.6 percent.

Overall Capacity utilization fell 2.2 percent month-over-month in April compared to the 0.4 percent rise in March.

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