Japan's industrial output rises 1.3% in April

13:35, May 31, 2010      

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Japan's industrial production rose a seasonally adjusted 1.3 percent in April from a month earlier, the Ministry of Economy, Trade and Industry (METI) said in a preliminary report on Monday.

The production index in April stood at 96.0 against the base of 100 for 2005, marking the second straight month of increase and a 25.9 percent rise on year, the report stated.

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. Inventory ratio rose 0.6 percent from a month earlier to 102.9 in April, according to METI.

Although the headline reading fell short of economists' forecasts the figures revel Japan's rising exports are still powering the manufacturing sector as demand from other Asian economies for Japanese products continues an upward trend.

METI said that according to their poll, manufacturers expect orders to rise 0.4 percent in May and 0.3 percent in June.



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