30 August 2013 07:12 [Source: ICIS news]
TOKYO (ICIS)--Japan’s production of chemicals increased by 1.6% year on year in July, official data from the Ministry of Economy, Trade and Industry (METI) showed on Friday.
This is a 1.0% increase from the previous month, according to the ministry.
The country’s output of plastics rose by 0.2% year on year, and was up by 3.4% month on month, based on the data.
Japan’s industrial production increased by 1.6% in July from the same time a year earlier, and rose by 3.2% from June, the statistics showed.
“Industrial production shows signs of picking up at a moderate pace,” METI said in a statement.
Based on the latest survey by METI conducted earlier in August, Japanese manufacturers predicted industrial output to increase by 0.2% in August and grow by 1.7% in September.
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