Japan’s industrial production dropped slightly less than estimated in November, final data from the Ministry of Economy, Trade and Industry showed Monday.
Industrial production slid 0.9 percent from October instead of 1 percent decrease estimated initially.
Shipments decreased 2.4 percent in November compared to prior forecast of 2.5 percent drop. Meanwhile, growth in stock was retained at 0.4 percent.
The inventory ratio advanced 3.1 percent versus 2.9 percent increase estimated previously.
At the same time, capacity utilization dropped marginally 0.1 percent in November, reversing a 1.3 percent rise in the prior month. Year-on-year, utilization slid 2.6 percent.
The tertiary industry activity index dropped 0.8 percent in November from October, when it climbed 0.7 percent. On a yearly basis, growth in tertiary activity slowed slightly to 1.3 percent from 1.4 percent.