Economic Buzz: Japan industrial production falls in November
Industrial production dropped 2.7 percent monthly in November, reversing a 1.5 percent increase in October. In the initial estimate, industrial output showed a decline of 2.6 percent.
Shipments contracted 1.7 percent over the month, and inventories logged a fall of 3.0 percent. Meanwhile, the inventory ratio rose by 0.2 percent.
On an annual basis, industrial production declined 2.2 percent versus a 1.6 percent growth in the prior month.
Further, data showed that capacity utilization declined 5.3 percent, in contrast to a 3.3 percent increase a month ago.
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