Japan's industrial output increases for ninth consecutive month in Nov.

10:26, December 28, 2009      

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Industrial Production in Japan continued to increase in November, according to a preliminary report released on Monday by the Ministry of Economy Trade and Industry (METI).

Production in Japan rose a seasonally-adjusted 2.6 percent in November from October to 88.3, against a 2005 base-average of 100,marking the ninth successive month production has increased in Japan. The report, however, noted a contraction of minus 3.5 percent from this time last year.

Industries cited by METI as predominantly contributing to November's increase are transport equipment and general machinery. Commodities responsible for buoying November's output are large passenger cars, small passenger cars, drive, transmission and control parts, in that order, according to the report.

Shipments also rose for a ninth successive month in November, increasing 0.9 percent from October, to 89.6, although on year the rate was down 3.1 percent. General machinery, iron and steel and transport equipment are the major industries contributing to the latest shipments increase.

Following the upward trend in November, Industrial Inventory was up 0.2 percent from October, to 93.5, led by information and communication electronics equipment, chemicals and transport equipment industries, the report stated. On year, however, inventory has slumped 14.6 percent.

Inventory Ratio decreased 3.8 percent from October to a seasonally adjusted 112.8 and has declined 9.5 percent since November 2008.

Initial government surveys predict production is set to increase by 3.4 percent in December and a further 1.3 percent in January, according to METI.

Source: Xinhua
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