29 March 2013 03:31 [Source: ICIS news]
TOKYO (ICIS)-- Japan’s chemical production excluding pharmaceuticals fell by 9.9% year on year in February, while overall industrial production also decreased, official data from the Ministry of Economy, Trade and Industry (METI) showed on Friday.
Output of plastics declined by 15% in February from the same time a year earlier, according to the METI.
Production of synthetic rubbers was down by 6.5% year on year, the data showed.
Meanwhile, the country’s overall industrial production fell by 11% in February from the previous year, according to the ministry.
“Industrial production has bottomed out and shows some signs of picking up,” the METI said in a statement.
Based on the monthly survey by the ministry, Japanese manufacturers predict industrial production to increase by 1% in March and by 0.6% in April, the METI data showed.
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