Japan's August IP revised down to -2.4% m/m, but core machine orders +5.2%. METI sees output up 5.8% in September and 3.8% in October, while flagging high rates abroad and China's slow recovery as ris

What happened: Japan's August industrial production was revised down to a 2.4% month over month decline, sharper than the preliminary 1.7% drop and following July's 0.2% fall. Key numbers: August output -2.4% M/M, preliminary -1.7%, July -0.2%, core machine orders +5.2%. Why it matters: The revision marks a second straight monthly contraction and the steepest decline since January, while the rise in core machine orders points to firmer capital spending ahead.

Japan's August industrial production was revised down to a 2.4% month over month decline, sharper than the preliminary 1.7% drop and following July's 0.2% fall.

The revision marks a second straight monthly contraction and the steepest decline since January, while the rise in core machine orders points to firmer capital spending ahead.