Japanese August industrial production revised downward

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Japan industrial output grew slower than originally announced in August, but at least the numbers are still showing growth as opposed to shrinkage.

Production grew 1.3 per cent month-on-month, down from the 1.5 per cent originally stated. Still, that was a reversal from the contraction of 0.4 per cent reported for July; the series has been in negative territory for three of eight months reported so far this year.

Year-on-year production was up 4.5 per cent, from the 4.6 per cent first announced. This was a bounce-back from -4.2 per cent in July, and was the strongest reading since March 2014.

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