Japan’s February industrial output rises 4.5pc


Japan’s industrial output rose 4.5 percent in February from a month earlier, marking the first increase in two months, the government said in a report on Friday.

According to the Ministry of Economy, Trade and Industry (METI), the seasonally adjusted index of production at factories and mines stood at 94.8 against the 2015 base of 100, in the recording period.

The ministry’s preliminary data for February came on the heels of a downwardly revised 5.3 percent decrease in factory output logged in January.

“Industrial production has weakened,” the ministry said in giving its basic assessment, in line with the previous month’s view.

The ministry said that industries mainly contributing to an output increase in the recording period comprised motor vehicles, production machinery, electronic parts, and devices, in that order.— Xinhua