RTTNews - Friday, the Ministry of Economy, Trade and Industry said Japan's industrial production grew 5.9% month-on-month in April, revised up from the preliminary estimate of 5.2%. On a yearly basis, production plunged 30.7% in April.

The ministry revised monthly growth for shipments to 3% from 2.3%, while it confirmed 2.7% decline in inventory. Year-on-year, shipments plummeted 30.7% and inventory by 7.2%.

According to the report, capacity utilization rose by a seasonally adjusted 10.2% in April from the previous month. Compared to April 2008, capacity utilization declined 35.5%.

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