RTTNews - Tuesday, a revised report from Japan's Ministry of Economy, Trade and Industry revealed that industrial production rose 1.6% in March from the previous month, following a 9.4% decline in February. The ministry confirmed the initial estimate for March. Year-on-year, production plunged 34.2% in March.
On a monthly basis, shipments grew 1.5% in March, revised up from the initial estimate of 1.4%. Meanwhile, inventory dropped 3.6% versus 3.3% decline estimated initially.
Further, the report showed that capacity utilization moved up 0.8% from prior month, reversing February's 11.9% decrease.
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