Asian Economic News

Japan Jun Industrial Production Rebounds More Than Estimated

Japan's industrial production increased more than initially estimated in June, final data published by the Ministry of Economy, Trade and Industry showed Monday.

Industrial production grew a seasonally adjusted 2.3 percent month-over-month in June instead of a 1.9 percent rise reported earlier.

In May, production had fallen 2.6 percent, which was the first fall in three months.

Shipments climbed 1.7 percent over the month, revised up from a 1.2 percent gain estimated initially. At the same time, inventory ratio dipped 1.5 percent in June compared to a 1.4 percent drop previously reported.

On an annual basis, industrial production slipped at a faster pace of 1.5 percent in June, following a 0.4 percent fall a month ago.

The capacity utilization rate slid 1.5 percent monthly in June, in contrast to a 2.4 percent decrease in May. It was the first decline in three months.

by RTTNews Staff Writer

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