Industrial Production Falls in April

May 31, 2007
By Ken Worsley

The Ministry of Trade, Economy and Industry has reported that industrial production was down 0.1% in April, compared to April 2006. The Ministry blamed the drop on lower manufacturing of cars and trucks as well as flat-panel displays and other electronics components. Most analysts had predicted a slight rise in production.

It was the second consecutive drop, after a fall of 0.3% in March. The Ministry, however, has high expectations for the future: It said that manufacturers surveyed expect output to rise 1.8% in May and 1.4% in June.

Filed Under Economic Reports, METI