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Macroeconomics  |  May 31, 2012 08:36:00

Japan's industrial output in April grew by 0.2 pct

Japan's industrial production, adjusted for seasonal factors in April mom grew by 0.2% and followed a revised increase of 1.3% in March, said preliminary data of the Ministry of Economy, Trade and Industry. Supported the growth of the automotive, chemical and electrical industries. Speeded up the production of large passenger vehicles and chassis parts, management, transmission and control components. The result lagged behind expectations. A majority consensus expected rise in April by 0.5%, even the government estimate of 1.0%.

Index of industrial supplies rose by 0.9% to 96.7 points, finished goods inventory index by 2.0% to 109.6 points. In comparison to the industrial production index (95.8) after seasonal adjustment increased by 14.0%, the index of industrial supplies by 16.8% and the stock index by 11.6%. Manufacturers expect a slowdown of production in May by 3.2% and then increase by 2.4% in June.

Separate statistics Japan Automobile Manufacturers Association (JAMA) in April said that the annual production jumped 173.8% to 799,474 units. Production of passenger cars increased by 177% to 692,011 units. Sales of domestic vehicles in the year grew by 93.7% to 359,631, exports jumped 219.2%.

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