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Japan May industrial output jumps 5.7% m-o-m
by hlk Wed 29 Jun 2011, 08:21
TOKYO: Japan's industrial output jumped 5.7 percent in May, rising at a much faster pace than in the previous month, data showed on Wednesday, as companies make steady progress in restoring supply chains hit by the devastating earthquake in March.
The rise was slightly more than a median market forecast of a 5.5 percent increase and followed a 1.6 percent gain in April.
Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to rise 5.3 percent in June and increase 0.5 percent in July.
The government upgraded its assessment on output, saying that it appears to be recovering from the impact of the earthquake.
Previously, it said that output remained at a low level due to the impact of the disaster but was expected to recover. – Reuters
The rise was slightly more than a median market forecast of a 5.5 percent increase and followed a 1.6 percent gain in April.
Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to rise 5.3 percent in June and increase 0.5 percent in July.
The government upgraded its assessment on output, saying that it appears to be recovering from the impact of the earthquake.
Previously, it said that output remained at a low level due to the impact of the disaster but was expected to recover. – Reuters
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