Japanese Industrial Output Fall Revised to -0.5%

Japan’s industrial output fell a seasonally adjusted 0.5 percent in November from the previous month, slightly less than a preliminary 0.6 percent decrease, the Ministry of Economy, Trade and Industry said Monday.

The index of output at factories and mines in the month stood at 97.9 against the base of 100 for 2010, compared with 97.8 in the preliminary data released on Dec. 26.

A ministry official attributed the revision to robust production of aircraft parts which was not reflected in the initial report.

The index of shipments was unchanged from the earlier figure at a decrease of 1.4 percent, while the inventory index marked a 1.1 percent rise against a preliminary 1.0 percent increase.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza