Japan’s Industrial Output Falls 3.4% in June

Japan’s industrial output in June fell a seasonally adjusted 3.4 percent from the previous month, downgraded from an initially reported 3.3 percent decrease, the Ministry of Economy, Trade and Industry said Tuesday.

The index of output at factories and mines stood at 100.0 against the base of 100 for 2010.

The ministry attributed the downward revision to a decline in production by the transportation equipment industry, which was not reflected in the preliminary report released on July 30.

The index of shipments slid 1.9 percent, unchanged from the initial report, while that of inventories rose 2.0 percent, upgraded from a 1.9 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