Japan's industrial output in April downgraded to 2.8%

Japan's industrial output was revised to 2.8 percent decline from the initially reported 2.5 percent fall, final figures from the Japanese government showed Friday.
The Ministry of Economy, Trade and Industry attributed the downgrade mainly to sluggish production of alcoholic beverages, which was not available when the preliminary report was issued on May 30.
The index of output at factories and mines came to 99.3 against the 2010 base of 100.
Shipments and inventories fell 5.0 percent and 0.5 percent respectively, both remaining unrevised from the preliminary estimates.