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Asia Economy Last Updated: Jan 20, 2014 - 7:12 AM


Revised industrial output fell in Japan in November
By Finfacts Team
Jan 20, 2014 - 1:09 AM

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Shinzo Abe, prime minister, attended the New Year Party for members of the Japan National Press Club held in Tokyo, Jan 17, 2014.

Industrial output fell in Japan in November, following two months of gains as manufacturers cut inventories, revised data today from the ministry of economy, trade and industry show.

Industrial output dropped 0.1% in the month, reducing the annual gain from 5 to 4.8%. Preliminary data had indicated a 0.1% rise.

While the revision is not significant, it comes after last week's report of a 9.3% surge in machine orders from privately owned Japanese companies in the same month.

On Friday, Japan raised its assessment on the overall economy for the first time in four months, reflecting a rise in private consumption and improving capital expenditure.

However, a Cabinet Office survey released later on Friday showed that Japanese consumer confidence worsened in December, ahead of a sales tax increase set for April.

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