Japan June industrial output up 1.2 pct from May, in line with forecast |
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Mon, 30 Jul 2007 01:15
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TOKYO (Thomson Financial) - Japan's industrial output in June grew a seasonally adjusted 1.2 percent from May, the first rise in fourmonths, preliminary government data showed on Monday.The sequential rise matched the market's consensus forecast.Year-on-year, industrial output was 1.0 percent higher last month, after rising by 3.8 percent in May.The Ministry of Economy, Trade and Industry predicted that industrial output will rise 1.8 percent this month from June and expand by 4.9 percent in August.The ministry gave the following figures for sequential changes last month, compared with therevised figures for May:Output - up 1.2 percent vs down 0.3 percentShipments - up 0.7 percent vs up 0.2 percentInventories - down 0.3 percent vs down 0.4 percentInventory ratio - up 2.5 percent vs down 3.1 percent(1 US dollar = 118.31 yen)kaori.kaneko@thomson.comyas/msCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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