Japan July output nearly flat, chip-linked output helps gains
TOKYO (Kyodo) -- Japan's industrial output in July was nearly flat, with a mere 0.1 percent increase from the previous month, as gains in semiconducto
Japan's industrial output remained nearly stagnant in July, with a minuscule 0.1% rise compared to the previous month, according to government data released on Monday. The modest increase was a result of gains in semiconductor-related production, which were partially nullified by a decline in transport equipment manufacturing. This pattern marked the fourth consecutive month of rising industrial output.
The Ministry of Economy, Trade and Industry kept its basic assessment of industrial production from the prior month, describing it as fluctuating indecisively. The seasonally adjusted index of production at factories and mines stood at 104.7, with the 2020 base set at 100, based on the ministry's preliminary report.
Ten sectors, predominantly led by production machinery, witnessed output increases, primarily due to a surge in exports of semiconductor-manufacturing devices. However, four sectors experienced declines, including transport equipment excluding motor vehicles. Electric machinery and information and communication electronics equipment remained unchanged.
Based on a poll of manufacturers, the ministry anticipates an output growth of 6.4% in August and a contraction of 4.2% in September. In the previous month, the index of industrial shipments surged 2.2% to 103.5, while that of inventories rose by 0.5% to 98.1.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
