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Macroeconomics  |  May 17, 2012 12:24:00

Japan's industrial production accelerated in March by 1.3 pct

Japan's industrial production, adjusted for seasonal influences in the mom accelerated by 1.3% and compensate for a decrease of 1.6% in February, said the final estimate of the Ministry of Economy, Trade and Industry. Supported the growth of the automotive and electronics industries. Speeded up the production of large and small passenger cars, managerial and transmission components. The result exceeded the preliminary estimate and the majority expected 1.0%. The government's estimate of the projected growth of 2.6%.

Seasonally adjusted index of resource utilization in March increased by 1.3% to 92.4 points.Index of industrial supplies rose by 0.5% to 95.8 index points and stocks of finished goods jumped 4.3% to 107.5 points. In comparison to the industrial production index rose without a seasonally adjusted 14.2%, the index of industrial supplies by 11.9% and the stock index by 9.6%. Manufacturers expect expansion of production by 1.0% in April and then decline by 4.1% in May. Statistics of Japan Automobile Manufacturers Association (JAMA) in March already indicated that the annual production (due to the low comparison base last year after the earthquake and tsunami aftermath) jumped 243.7% to 984,567 units.Production of passenger cars grew by 246.1% to 857,579 units. Sales of domestic vehicles increased by 171.8% to 751,888, exports jumped 138.3%.

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