In November, Japan's industrial production experienced a marginally smaller decline than initially reported, according to the latest figures from the Ministry of Economy, Trade, and Industry released on Monday. The seasonally adjusted industrial production dipped by 2.2 percent from the previous month, offsetting a 2.8 percent increase in October. This latest data revises the preliminary figure, which indicated a decline of 2.3 percent.
Year-on-year, industrial production decreased by 2.7 percent, refined from an earlier estimate of 2.8 percent, following a 1.4 percent rise in the prior month. Shipments also saw a decrease, falling by 2.5 percent compared to the previous month, and a 3.6 percent decrease compared to the same period last year. Inventories were similarly affected, decreasing by 1.0 percent month-on-month and 2.2 percent year-on-year, while the inventory ratio increased by 3.2 percent on a monthly basis.
Additionally, separate official statistics revealed that tertiary sector activity declined by 0.3 percent in November, countering a 0.1 percent rise in October.
Breaking down the components, November saw decreases in several sectors, including wholesale trade, information and communications, services related to living and entertainment, business-related services, transportation and postal services, utilities, medical and healthcare, welfare, goods rental and leasing, as well as finance and insurance.
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