Japan Industrial Output Revised Upward

Japan’s industrial output in July fell a seasonally adjusted 1.0 percent from the previous month, revised upward from the initially reported 1.2 percent drop, the government said Friday.

The reading represents the first decline in two months. The Ministry of Economy, Trade and Industry attributed the revision to data on medical goods as well as coffee and other beverage sectors, which were not available when it published the preliminary report on Aug. 31.

The index of production at factories and mines stood at 91.7 against the base of 100 for 2005.

The index of industrial shipments was revised to a fall of 3.1 percent from an initially reported decline of 3.6 percent, while the industrial inventories index was revised to a 2.9 percent rise from the preliminary 2.8 percent growth.

via Mainichi

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