Japan's chemical production increases 1% in January

28 February 2013 03:02  [Source: ICIS news]

TOKYO (ICIS)--Japan’s production of chemicals, excluding pharmaceuticals, rose by 1.0% in January from the previous month, official data from the Ministry of Economy, Trade and Industry (METI) showed on Thursday.

This is a 1.8% decrease from the same time a year earlier, based on the data.

Output of plastics increased by 1.2% month on month and declined by 2.9% year on year, according to the METI.

Production of synthetic rubber was up by 2.2% in January from December, while it was a 1.7% decrease from the year before, the data showed.

Japan’s overall industrial production increased by 1.0% in January from the previous month, but declined by 5.1% from the same time the previous year, according to the METI.

“Industrial production has bottomed out and shows some signs of picking up,” the ministry said on its website.

According to the METI’s survey conducted in February, Japan’s manufacturers expect industrial production to increase by 5.3% in February and rise by 0.3% in March, the ministry’s official table showed.

By: Tomomi Yokomura
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