RTTNews - Industrial output in Japan jumped 5.9 percent in May compared to the previous month, the Ministry of Economy, Trade and Industry said in a preliminary report on Monday. That was lower than analyst expectations for a 6.9 percent increase following the 5.9 percent gain in April.
Shipments were up 4.5 percent on month, while inventories were down 0.6 percent and the shipment-inventory ration came in 0.1 percent higher.
On an annual basis, output fell 29.5 percent versus forecasts for a 28.3 percent contraction after the 30.7 percent decline in the previous month. Shipments were down 30 percent and inventories dropped 8.3 percent.
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