Monday, May 31, 2010

April - Industrial output up 1.3%

Japan's industrial production rose a seasonally adjusted 1.3 percent in April from the previous month for the second straight month of growth, partly due to brisk exports of equipment used for flat-panel televisions, the government said Monday.

The headline reading was worse than the average market forecast of a 2.5 percent rise in a Kyodo News survey.

The index of output at factories and mines stood at 96.0 against the base of 100 for 2005, the Ministry of Economy, Trade and Industry said in a preliminary report.

The index of industrial shipments gained 1.6 percent to 98.2 and that of industrial inventories was up 0.3 percent to 94.3.

On production, the ministry left its basic assessment unchanged, saying "Industrial production continues to show an upward movement."

By sector, output by general machinery makers climbed 12.0 percent, while transport equipment makers, including automakers, grew 0.3 percent.

Looking ahead, the ministry is projecting industrial production will rise 0.4 percent in May and grow 0.3 percent in June.

http://www.breitbart.com/article.php?id=D9G1GQ8G0&show_article=1

No comments:

Post a Comment