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Japan Aug Industrial Production Revised To Show Steeper Decline

Japan's industrial output was revised to show steeper decline in August, final figures from the Ministry of Economy, Trade and Industry showed Wednesday.

Industrial production fell 1.9 percent month-over-month in August, which was faster than the 1.5 percent drop estimated earlier. In July, production had decreased 0.4 percent.

On a year-over-year basis, industrial output dropped 3.3 percent in September, exceeding the flash estimate for a 2.9 percent decrease. This follows the 0.7 percent fall in July.

Shipments fell 2.1 percent month-over-month after the 0.7 percent rise in July. Inventory declined 0.9 percent in August, the same rate as in July.

Overall capacity utilization slid 1.7 percent month-over-month in August after the 0.8 percent decline in July.

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