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Japan: Revisions show resilient industrial production
Mon, Apr 21 2008, 12:46 GMT
by Flemming J. Nielsen
Besides the usual revisions of preliminary industrial production figures based on additional new information, the weights used in calculating the volume of industrial production and shipments last week were changed to 2005 weights from 2000 weights. The revised industrial production figures show a very different picture of industrial production in early 2008, compared to the preliminary release based on old 2000 weights. According to the revised figures, industrial production and shipments of industrial goods were still increasing in early 2008. By contrast, the preliminary figures showed a sharp decline in both industrial production and shipments in early January and February 2008 (see chart 1 and chart 2).
Published on Mon, Apr 21 2008, 12:48 GMT
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