Japan's chemical production decreases 0.9% in April

31 May 2013 02:13  [Source: ICIS news]

TOKYO (ICIS)--Japan’s production of chemicals excluding pharmaceuticals decreased by 0.9% year on year in April, official data from the Ministry of Economy, Trade and Industry (METI) showed on Friday.

The country’s output of plastics fell by 1.9% in April from the same time a year earlier, while production of synthetic rubber declined by 5.1%, according to the ministry.

Japan’s overall industrial production was down by 2.3% year on year and up by 1.7% month on month in April, based on the data.

“Industrial production shows signs of picking up at a moderate pace,” METI said on its official web site.

Japanese manufacturers expect industrial production to remain unchanged in May, while they predict output to fall by 1.4% in June, according to METI’s monthly survey.

By: Tomomi Yokomura
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