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Gov't confirms Sept. industry output at post-bubble 2nd lowest.

TOKYO, Nov. 13 Kyodo

Japan's industrial production fell 2.9% in September from August to its second-lowest level since the burst of the assets-inflated bubble economy in the early 1990s and unchanged from a preliminary reading, the industry ministry said Tuesday in a revised report.

The seasonally adjusted index of output at mines and factories stood at 92.8 against the 1995 base of 100, unchanged from the preliminary figure released in October, the Ministry of Economy, Trade and Industry said.

The 92.8 reading was the lowest since 92.6 in January 1994.

But the ministry revised downward a month-on-month decline in industrial shipments in the reporting month to 3.2% from 3.1%. The revised index of industrial shipments came to a seasonally adjusted 95.3, compared with 95.4 in the previous report.

The index of industrial inventories was left unchanged at a seasonally adjusted 98.1, down 1.3% from August, the ministry said.

The inventory ratio rose 6.0% from August to a seasonally adjusted 116.6 in the revised report, an upward revision from the earlier announced 5.2% rise.

The ministry also said the capacity utilization index dipped 4.0% from August to a seasonally adjusted 89.1.

The index of production capacity slipped an unadjusted 2.5% in September from a year earlier to 96.4.
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Publication:Japan Weekly Monitor
Date:Nov 19, 2001
Words:224
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