Japan industrial output in September rises 2.2% on month as autos rebound
TOKYO (Kyodo) -- Japan's industrial output in September rose 2.2 percent from the previous month, marking the first increase in three months, as auto
Japan's industrial output climbed 2.2% in September compared to the previous month, marking the first increase in three months, according to government data released on Friday. This rebound follows a downwardly revised contraction of 2.4% in August. The Ministry of Economy, Trade and Industry (METI) stated that industrial production had been fluctuating indecisively up to this point.
The seasonally adjusted index of production at factories and mines was recorded at 104.1, using 2020 as the base of 100. Eight sectors, primarily auto production, machinery for production, and general-purpose machinery, contributed to the output increase. Conversely, seven sectors, such as iron, steel, and nonferrous metals, saw a decline in production.
The METI anticipates a further rise of 5.1% in October and a modest increase of 0.8% in November based on a survey of manufacturers. In September, the index of industrial shipments increased by 0.6% to 101.0, while the index of inventories rose by 2.5% to 99.9.
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