Financial News: Japan Industrial Output Shrinks 0.6%, More Than Estimated

Japan Industrial Output Shrinks 0.6%, More Than Estimated

04/12/2024 - 02:29:00 (RTTNews)

(RTTNews) - Japan's industrial production contracted more than initially estimated in February, final data from the Ministry of Economy, Trade, and Industry showed on Friday.

Industrial production fell 0.6 percent on a monthly basis, though much slower than the 6.7 percent decline in January. In the initial estimate, the rate of decline was 0.1 percent.

Data showed that shipments dropped 0.7 percent from the previous month, and the inventory ratio slid by 5.6 percent. Meanwhile, inventories grew by 0.6 percent.

Year-on-year, the decline in industrial production deepened to 3.9 percent in February from 1.5 percent a month ago. In the flash report, the rate of fall was 3.4 percent.

The capacity utilisation decreased 0.1 percent in February after remaining flat in the prior month. On a yearly basis, capacity utilization increased at a steady pace of 0.1 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Factory Orders Surge In Line With Estimates In March (03 hr(s), 19 min(s), 18 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured goods surged in line with economist estimates in the ...Full Story»

U.S. Labor Productivity Increases Modestly In Q1, Labor Costs Spike (03 hr(s), 39 min(s), 18 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed labor productivity in the ...Full Story»

Brazil Manufacturing Growth Strongest In 33 Months (03 hr(s), 40 min(s), 18 sec(s) ago)
(RTTNews) - Brazil's factory activity expanded at the fastest pace in more than two-and-a-half ...Full Story»

Italy Factory Activity Deteriorates In April (04 hr(s), 03 min(s), 18 sec(s) ago)
(RTTNews) - Italy's manufacturing sector returned to contraction territory in April after a sl ...Full Story»

OECD Raises Global Growth Forecasts (04 hr(s), 10 min(s), 18 sec(s) ago)
(RTTNews) - The Organization for Economic and Co-operation and Development on Thursday lifted the ...Full Story»

U.S. Trade Deficit Narrows Slightly To $69.4 Billion In March (04 hr(s), 15 min(s), 18 sec(s) ago)
(RTTNews) - The U.S. trade deficit edged slightly lower in the month of March, according to a repo ...Full Story»

U.S. Jobless Claims Unchanged From Slightly Upwardly Revised Level (04 hr(s), 22 min(s), 18 sec(s) ago)
(RTTNews) - With the more closely watched monthly jobs report looming, the Labor Department releas ...Full Story»

Hong Kong Economic Growth Eases To 2.7% (05 hr(s), 11 min(s), 18 sec(s) ago)
(RTTNews) - Hong Kong's economy expanded at a slower pace in the three months ending March, ...Full Story»