30 October 2013 06:09 [Source: ICIS news]
TOKYO (ICIS)-- Japan’s production of chemicals, excluding drugs, increased by 2.4% year on year in September as its overall industrial production moves upward, the Ministry of Trade, Economy and Industry (METI) said in a statement on Wednesday.
This is a 0.9% increase from the previous month, the ministry’s official data showed.
The country’s output of plastics rose by 0.4% year on year and increased by 5.4% month on month, according to the ministry.
Japan’s overall industrial production was up by 5.4% in September from the same period a year earlier, while this is a 0.9% decrease from the previous month, based on METI’s data.
“Industrial production continues to show an upward movement,” the ministry said.
Based on the latest survey conducted by METI earlier in October, Japanese manufacturers expect industrial production to grow by 4.7% in October and decrease by 1.2% in November, the ministry said.
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