Japan’s Q2 economic growth revised down from stellar first reading

Japan industrial output falls less than expected, spending disappoints

International News

Japan’s Industrial production in September fell 1.1 percent from the previous month due to sluggish output of electronic parts and devices including those for smartphones, government data showed Tuesday. The fall in production follows a revised 2.0 percent rise in August, with the seasonally adjusted index of output at factories and mines standing at 102.4 against the base of 100 for 2010, the Ministry of Economy, Trade and Industry said in a preliminary report. Manufacturers polled by the ministry said they expect output to increase 4.7 percent in October and decrease 0.9 percent in November.electronic parts and device makers notably caused downward pressure, with their production falling 5.6 percent. Elements for liquid crystal displays as well semiconductor integrated circuits were among products that marked falls in output. General and production machinery makers were also weak, down 2.4 percent.The index of industrial shipments fell 2.6 percent to 99.2 and that of inventories was unchanged at 107.3.