1/31, 12:52 AM (Source: TeleTrader)
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Japan's industrial output drops by 2.8% in December

Japan's industrial production index landed at 97.2 in December, dropping by 2.8% year-on-year and by 0.1% month-on-month, according to a preliminary report by the Japanese Ministry of Economy, Trade, and Industry (METI), released on Tuesday.

The figures stood in line with the estimates, despite indicating that the country's production shrank both over the year and over the month.

The inventory ratio and the index of inventories expanded by 9.8% and 3.2% year-on-year, respectively, and the shipments index deteriorated by 3.0%. On a monthly basis, the index of shipments fell by 0.7%, the inventory ratio increased by 1.2% and the index of inventories went 0.5% down.

Baha Breaking News (BBN) / NL