TOKYO (AFP) ? Japan's industrial production jumped 5.7 percent in May from the previous month, reflecting a steady recovery in earthquake-hit supply chains following the March 11 quake and tsunami.
The level beat market expectations of a 5.5-percent increase and followed a revised 1.6-percent monthly rise in April.
Rising production of automobiles boosted the data, the industry ministry said in a statement.
"Industrial production is on a recovery trend after the Great East Japan Earthquake," the ministry said, referring to the March tremor that caused a tsunami that also crippled a nuclear power plant.
The ministry said prospects for Japanese output were brightening -- a more optimistic assessment than a month ago, when it said output was "expected to recover gradually".
The ministry expected continued production increases, forecasting a 5.3 percent rise for June and 0.5 percent in July.
Meanwhile, shipments in May jumped 5.3 percent, rising for the first time in three months. Inventories rose 5.1 percent, marking a second straight monthly increase.
conan o brien siri san antonio bacon alyson hannigan timberland jennifer love hewitt
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.