Japan reports higher output in June

It’s another one of those good news.  The second biggest economy today reported higher output for the month of June, leading others to reaffirm that the crisis really is out of the bottom.  After a huge destocking, there are now expectations that companies such as electronic manufacturers and steelmakers are ready to increase output again, in anticipation of a higher incoming demand.

Rising for the fourth month in a row, data from the Ministry of Economy, Trade and Industry showed June industrial production went up 2.4 per cent from May, which although more tha twice as low as the revised 5.7 per cent growth from the previous month, is still bringing some positive signals.

The Ministry said the biggest contributors to the gain were electronics manufacturing, steel and iron production and chemicals.

Continue reading via an FT report HERE.

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