TOKYO (XINHUA) – Japan’s industrial output gained 2.8 per cent in July from a month earlier, government data showed yesterday.
The seasonally adjusted production index at factories and mines in the reporting month stood at 102.8 against the 2020 base of 100, reversing a revised 4.2 per cent drop in June, according to preliminary data from the Ministry of Economy, Trade and Industry.
The ministry attributed the increase to industrial production growth in semiconductor equipment and electrical devices.
The index of industrial shipments gained 2.4 per cent on month to 101.4, while inventories edged up 0.4 per cent to 103.
Overall, 14 of the 15 surveyed sectors reported a month-on-month increase in output in the reporting period, with electronics and telecommunications leading the expansion.
The ministry upgraded its basic assessment by noting that industrial production was “fluctuating indecisively”.
Based on a poll of manufacturers, the ministry expected output to grow in August and decrease in September.
