29 May 2009 08:58 [Source: ICIS news]
SINGAPORE (ICIS news)--Japan's industrial output rose 5.2% in April from March, the second monthly increase that suggests its economic slump was easing, official data showed on Friday.
April's higher production was led by industries engaged in making electronic parts and devices, chemicals (excluding drugs) and transport equipment, according to a preliminary report from ?xml:namespace>
But on an annual basis, production still fell 31.2% in April, METI said.
The country's factory output fell continuously since September last year until March 2009, with its exports exhibting the same pattern.
METI said that the monthly production numbers could see further improvement in the next two months based on its survey of manufacturers.
Japanese manufacturers were projecting output to rise 8.8% in May and by 2.7% in June, it said.
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|