1/20, 5:33 AM (Source: TeleTrader)
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Japan's industrial production down in November

Industrial production in Japan slid 1% in November compared to October, slightly missing the estimates, the Ministry of Economy, Trade and Industry said on Friday. The Seasonally Adjusted Index decreased to 97.6. Compared to the previous year's figure, industrial output dropped by 8.2%.

The index of shipments stood at 96.4, slipping 1.7% on a monthly basis and down 7.7% compared to the same month a year ago. The seasonally adjusted inventories index lost 0.9% month-on-month to land at 103.3 but it gained 1.6% on an annual basis.

Meanwhile, the inventory ratio amounted to 115.9, marking a 2.2% increase compared to October and a 12.2% jump year-over-year.

Breaking the News / GA