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Japan's Aug. industrial output up 4.6 pc from July.

TOKYO, Sept. 29 Kyodo

Japan's industrial production for August rose a seasonally adjusted 4.6% from July, showing firm output at the nation's mines and factories, the Ministry of International Trade and Industry said Wednesday.

The rise followed a 0.6% fall in July and a 3.2% increase in June.

The ministry said production increased in all 14 industries it polls for the monthly report. It was the first such situation since July 1996.

In a preliminary report, the ministry said its output index in August stood at 102.1 against a base of 100 for 1995. Compared with a year earlier, the index was up 5.5%.

The ministry said August output increased particularly in passenger cars, electronic toys and metal oxide semiconductor integrated circuits.

Shipments surged 4.0% from July, with an index reading of 103.4. The rise followed a 1.1% fall in July.

Notably strong shipments were seen in passenger cars, electronic toys and air conditioners, it said.

The index for inventories in August was at 95.3, up 0.2% from July for the first rise in six months.

Commodities that mainly contributed to the increase were passenger cars, large trucks and video cameras.

The index for the ratio of inventory to shipments stood at 99.4, down 2.3%, marking three straight months of decline.

Looking ahead, the ministry projected that production will decline 1.3% month-on-month in September and 0.7% in October.

Output is likely to decline in the electrical machinery, iron and steel and chemical industries in September, it said.

The ministry said output and shipments are moving toward recovery, but it is unclear whether final demand is recovering continuously.
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Comment:Japan's Aug. industrial output up 4.6 pc from July.
Publication:Japan Weekly Monitor
Geographic Code:9JAPA
Date:Oct 4, 1999
Words:281
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