Japan's chemical production decreases 3.1% in September

30 October 2012 06:11  [Source: ICIS news]

TOKYO (ICIS)--Japan’s production of chemicals, excluding drugs, fell by 3.1% in September from the previous month, official data from the Ministry of Economy, Trade and Industry (METI) showed on Tuesday.

This is a 4.9% decline from the corresponding period a year earlier, according to the METI.

The country’s output of plastics was down by 3.5% month on month and fell by 2.3% in September, the data showed.

Production of synthetic rubber in September increased by 1.1% from August, and rose by 1.4% from September 2011, based on the statistics.

Japan’s overall industrial production was down by 4.1% month on month, the third consecutive month of decrease, and fell by 8.1% year on year, according to the ministry.

“Industrial production is on a downward trend,” METI said in a statement.

Transport equipment, general machinery, and iron and steel were the industries that contributed to the decrease, the ministry said.

Japanese manufacturers expect the country’s industrial production to decline by 1.5% in October, but increase by 1.6% in November, according to METI’s monthly.

By: Tomomi Yokomura
+65 6780 4359

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