28 December 2012 04:38 [Source: ICIS news]
TOKYO (ICIS)--Japan’s chemicals output, excluding pharmaceuticals, fell by 5.8% year on year this year, tracking the overall dip in industrial production, official data showed on Friday.
On a month-on-month basis, the country’s chemicals production declined by 0.1% in November, while overall industrial output was down by 1.7%, the Ministry of Economy, Trade and Industry (METI) said.
The country’s production of plastics fell by 6.8% year on year in November, while production of synthetic rubber was down by 13%, it said.
Japan’s overall industrial production fell by 5.8% year on year in November, the ministry said.
“Industrial production is on a downward trend,” it added.
The ministry expects the country’s industrial production to increase by 2.4% month on month in January 2013.
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