30 April 2013 02:39 [Source: ICIS news]
TOKYO (ICIS)--Japan’s production of chemicals, excluding pharmaceuticals, increased by 5.9% in March 2013 compared with the same period a year earlier, official industrial data showed on Tuesday.
The country’s output of plastics rose by 1.8% year on year, according to the Ministry of Economy, Trade and Industry (METI).
Production of synthetic rubber was up by 19% from the previous year, the METI data showed.
Japan’s overall industrial production, however, fell by 7.3% year on year, while it increased by 0.2% month on month, according to the ministry.
“Industrial production shows signs of picking up at a moderate pace,” the METI said in a statement on its web site.
Based on the ministry’s monthly survey, Japanese producers expect industrial production to increase by 0.8% month on month in April and decrease by 0.3% in May.
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