The seasonally adjusted industrial production index in Japan decreased by 6.7% in January compared to December and stood at 98.0, according to a revised report published by the country's Ministry of Economy, Trade and Industry on Tuesday.
Year-on-year, the non-seasonally adjusted production index decreased by 1.5%, landing at 92.4 the report revealed.
The shipments index decreased by 7.5% on a monthly basis and stood at 96.6. Compared to the same month of the previous year, it declined by 1.7% landing at 90.5. The inventories index decreased by 1.7% month-to-month, reaching 101.0 while also decreasing by 1.8% on a yearly basis. The inventory ratio index increased by 2.6% coming to 105.5 and increased year-on-year by 0.8%.
