Japan's chemicals output sees 0.3% year-on-year decline in Dec '12

31 January 2013 04:00  [Source: ICIS news]

TOKYO (ICIS)--Japan’s chemicals production decreased by 0.3% year on year in December 2012, while its overall industrial production also declined, official data from the country’s Ministry of Economy, Trade and Industry (METI) showed on Thursday.

Japan’s overall industrial production fell by 7.8% in December from a year ago, according to METI.

“Industrial production shows signs of having bottomed out,” the ministry said on its official website.

On a month-on-month basis, Japan’s chemicals output rose by 3% in December last year, while overall production increased by 2.5%, the METI data showed.

The country’s production of plastics rose by 0.4% in December from the same period a year earlier, while its annual synthetic rubber output increased by 0.9%, based on the data.

By: Tomomi Yokomura
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