16 October 2001, 10:54  0.8% rise in Japan's industrial output in Aug. confirmed

TOKYO, Oct. 16 (Kyodo) - The Ministry of Economy, Trade and Industry (METI) said Tuesday it has left unchanged its initial estimate that Japan's industrial production in August rose 0.8% compared with the previous month. The seasonally adjusted index of output at mines and factories stood at 95.6 against the 1995 base of 100 in the revised report, unchanged from the preliminary report released late September, it said. The index of industrial shipments in August was also left unchanged at a seasonally adjusted 98.5, up 0.9% from the previous month, the ministry said. But the ministry revised upward the month-on-month gain in industrial inventories in August to 0.3% from 0.1% in the previous report. The revised index of industrial inventories came to a seasonally adjusted 99.4, compared with 99.2 in the previous report. The inventory ratio in August fell 2.6% from July to a seasonally adjusted 110.0, instead of the earlier announced 3.1% drop, the ministry said. The ministry also said the capacity utilization index in August rose 0.5% from the previous month to a seasonally adjusted reading of 92.8. The index on production capacity in August fell an unadjusted 2.2% from a year earlier to 96.6.

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