Drop in industrial output revised up

Kyodo

Industrial output in June fell a seasonally adjusted 3.1 percent from the previous month, revised upward from the initially reported 3.3 percent decline, the Ministry of Economy, Trade and Industry said Monday.

The reading represents the first drop in five months. The index of output at factories and mines came to 94.7 against the base of 100 for 2010.

Data on medicine and components for aircraft, which were not available when the preliminary report was issued July 30, contributed to the upward revision, a ministry official said.

The index of industrial shipments was revised upward, posting a 3.2 percent fall against an initially reported drop of 3.4 percent. The industrial inventories index was unchanged from the previous month, as in the preliminary report.