Japanese indsutrial output rising 7th straight month

Discussion in 'Economics' started by ASusilovic, Oct 28, 2009.

  1. TOKYO (NQN)--Japan's industrial output (2005=100) rose a seasonally adjusted 1.4% on the month to 85.1 in September, marking the seventh straight increase, according to preliminary government data released Thursday.

    The average projection by market analysts was 0.9% growth.

    The Ministry of Economy, Trade and Industry maintained its overall assessment that the economy is on a recovery track.

    The shipment index grew 3.4% to 87.1, while the gauge for inventory edged down 0.5% to 94.6. The inventory to shipment index contracted 4.7% to 117.2.

    Looking ahead, the ministry expects output to grow 3.1% in October and 1.9% in November.

    Meanwhile, industrial output for the July-September quarter climbed 7.2% from the previous three-month period to 83.9.