29 November 2013 01:44 [Source: ICIS news]
TOKYO (ICIS)--Japan’s chemicals production rose by 0.4% in October from the previous month as its overall industrial production increased for the second consecutive month, the Ministry of Economy, Trade and Economy (METI) said in a statement on Friday.
This is a 3.3% increase from the same time a year earlier, the ministry’s data showed.
The country’s output of plastics was up by 4.4% month on month, and increased by 6.3% year on year, according to the ministry.
Japan’s overall industrial production rose by 0.5% in October from the previous month, and increased by 4.7% from the year earlier, based on the data.
“Industrial production continues to show an upward movement,” the METI said.
The monthly survey conducted by METI showed that Japanese manufacturers expect industrial output to increase by 0.9% in November and grow by 2.1% in December.
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