7/14, 6:32 AM (Source: TeleTrader)
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Japan's industrial production down 6.5% in May

Industrial production in Japan dropped 6.5% in May on a monthly basis to 93.5, the Ministry of Economy, Trade and Industry said in a revised report on Wednesday, down from the previous figure of 5.9%. Compared to May 2020, industrial production jumped 21.1%, 0.9 percentage points lower than the original estimate.

Shipments were down 5.5% from April and up 21.5 year-on-year. Inventories decreased 1.1% month-on-month and 8.7% yearly, while the inventory ratio increased 1.3% compared to April and decreased 27.7% on a yearly basis.

Breaking the News / DJ