February output grows by 0.6%

Kyodo

Industrial output in February grew a seasonally adjusted 0.6 percent from the previous month, revised upward from the initially reported 0.1 percent fall, the Economy, Trade and Industry Ministry said Monday.

The reading represents the third consecutive monthly growth, backed by firm performances among transport equipment makers and the food and tobacco sector.

A ministry official attributed the upward revision mainly to liquor and medical goods data, which were not available when the preliminary report was issued on March 29.

The index of output at factories and mines came to 89.6 against the base of 100 for 2005.

The index of industrial shipments was also revised upward, posting a growth rate of 1.4 percent against an initially reported rise of 0.8 percent. The industrial inventories index incurred a fall of 2.0 percent, unchanged from the preliminary figure.