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- Japan's industrial production decreased more than estimated in May
Japan's industrial production decreased more than estimated in May
Japan's industrial production decreased more than initially estimated in May, final data published by the Ministry of Economy, Trade and Industry showed Wednesday.
Industrial production fell a seasonally adjusted 2.6 percent monthly in May instead of a 2.3 percent drop reported earlier.
It was the first decline in three months. In April, production had risen 0.5 percent.
Shipments dipped 2.6 percent over the month, revised from a 2.3 percent fall in the flash report. At the same time, inventories rose 0.4 percent in May compared to a 0.3 percent gain previously reported.
On an annual basis, industrial production decreased 0.4 percent in May, which was corrected from a 0.1 percent slight drop reported initially.
The capacity utilization contracted at faster pace of 2.4 percent month-on-month in May, following a 1.0 percent decline in April. It was the second consecutive monthly fall.
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