Japanese August industrial production revised downward

Listen to this article

00:00
00:00

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.

Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from FT.com and redistribute by email or post to the web.