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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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