Japanese Industrial Output Revised to 1.9% Growth

Japan’s industrial output in May grew a seasonally adjusted 1.9 percent from the previous month, revised slightly downward from the initially reported 2.0 percent rise, the Ministry of Economy, Trade and Industry said Friday.

The reading represents the fourth consecutive month of growth, in a sign that production is picking up.

Data on components for aircraft, which were not available when the preliminary report was issued June 28, contributed to the downward revision, a ministry official said.

The index of output at factories and mines came to 97.7 against the base of 100 for 2010.

The index of industrial shipments was revised upward, posting a growth rate of 1.0 percent against an initially reported rise of 0.8 percent. The industrial inventories index was down 0.4 percent, against a preliminary 0.3 percent decline.

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