Japan's Industrial Production Rises 0.8% in April, Ending Two-Month Decline

Tokiyo. Government statistics released on Friday showed that Japan's industrial production increased by 0.8% in April compared to the previous month. This ends a decline that had lasted for two consecutive months.

According to Japan's Ministry of Economy, Trade and Industry, the seasonally adjusted production index for factories and mines reached 102.8, with 2020 as the base year, according to the preliminary report.

The increase in production was primarily driven by sectors such as general-purpose and business-oriented machinery, electrical machinery, and information and communication electronics equipment. Production increased in a total of seven sectors, the ministry stated.

However, production decreased in eight sectors, including motor vehicles, inorganic and organic chemicals, as well as petroleum and coal products.

Based on a survey of manufacturers, the ministry estimates that production will increase by 5.1% in May and decrease by 0.4% in June.