Japan's chemical production decreases 2.2% in August- METI

28 September 2012 03:35  [Source: ICIS news]

TOKYO (ICIS)--Japan’s chemical production fell by 2.2% month on month in August, official data from the Ministry of Economy, Trade and Industry (METI) showed on Friday.

This was a 4.8% decline from the same period a year earlier, according to METI.

The country’s plastic production was up by 0.9% month on month in August, and declined by 5% year on year, the ministry data showed.

Output of synthetic rubber fell by 10% month on month in August, and declined by 2.8% year on year, based on the statistics.

Japan’s overall industrial production declined by 1.3% in August from July, the second consecutive month of decrease, and fell by 4.3% from the corresponding period of the previous year, according to METI.

Industrial production appears to have "weakened,” the ministry said in a statement.

Industries that mainly contributed to the month-on-month decrease were electronic parts and devices, information and communication electronics equipment and chemicals, the METI said.

Meanwhile, Japanese manufacturers expect industrial output to decrease by 2.9% month on month in September, according to the ministry’s monthly survey, while they predict October production to be unchanged from September.

By: Tomomi Yokomura
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