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Japan factory output rises 2.4 per cent in January on-month
Mon, Feb 28, 2011
AFP

TOKYO, Japan - Japan's industrial output rose a smaller-than-expected 2.4 per cent in January from the previous month, official data showed Monday.

It was the third successive monthly rise but was smaller than the market average forecast of a 3.8 per cent rise in a survey conducted by the Nikkei business daily.

The growth, supported by production of cars and semiconductor-manufacturing devices, slowed from a surprise jump of 3.3 per cent in December.

Most economists expect Japan's economy to expand again in the current January-March period after gross domestic production contracted by an annualised 1.1 per cent in the previous quarter.

But the weaker-than-expected industrial production may add to concerns over the export-driven economy after data last week showed January overseas shipments slowed, pushing the trade balance into a deficit for the first time in nearly two years.

 

 

 

 

 

 
 
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