Japan September industrial production falls less than estimate
Industrial production dropped a seasonally adjusted 1.0% monthly in September instead of a 1.1% decrease reported earlier. This was followed by a 2.0% rise in August.
Shipments dipped 2.5% over the month, just below the 2.6% fall seen in the flash report.
At the same time, inventories showed no variations, confirming the initial estimate.
On a yearly basis, industrial production growth eased to 2.6% in September from 5.3% in August.
Data also showed that capacity utilization rate fell 1.5% month-on-month in September, reversing a 3.3% rebound in the previous month. ■