Japan's non-pharmaceutical production down 4.5% in May
29 June 2012 05:15 [Source: ICIS news]
TOKYO (ICIS)--?xml:namespace>Japan’s production of chemicals, excluding pharmaceuticals, decreased in May by 4.5% month on month and fell by 6.1% year on year, data from the Ministry of Economy, Trade and Industry (METI) showed on Friday.
The country’s plastic production, on the other hand, increased by 4.5% in May from April and rose by 5.3% from May 2011, according to the ministry.
Japan’s industrial production in May declined by 3.1% from April but rose by 6.2% from the same time a year earlier, the data showed.
“Industrial production continues to show an upward movement,” the METI said in a statement on its website.
Industries that contributed to the month-on-month decrease in March were those of transport equipment, chemicals and general machinery, the ministry said.
Japanese producers expect the country’s industrial production to increase by 2.7% in June and rise by 2.4% in July, according to a METI’s survey conducted earlier in June.
When they were polled in May, the producers predicted that Japan’s industrial output would increase by 2.4% in June, the data showed.By: Tomomi Yokomura+65 6780 4359
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