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Economy in Brief

Japan IP Sharply High in the Month of October
by Robert Brusca November 29, 2007

Japan continued to see its textile business eaten alive by international competition in October. Still, manufacturing output rose by 1.6% month-to-month and stands higher year/year by 3.5% after rising 6.6% the year before.

Consumer goods and intermediate goods continue to show solid gains. Investment goods output is off by 1.7% year/year and is off at a 4.3% annual rate over three months.

On the whole, Japan’s industrial sector is doing well, living off exports while domestic demand is still trying to find its way.

Japan Industrial Production Trends
  m/m % Saar % Yr/Yr
  Oct-07 Sep-07 Aug-07 3-mo 6-mo 12-mo Yr-Ago
Mining & Manufacturing 1.6% -1.4% 3.5% 15.6% 8.9% 3.5% 6.6%
Total Industry 1.4% -1.3% 3.8% 16.5% 7.6% 3.3% 6.3%
Manufacturing 1.6% -1.4% 3.5% 15.6% 8.9% 3.5% 6.6%
Textiles -0.3% -1.0% -1.0% -8.8% -4.2% -5.5% -2.3%
Transport 6.7% -6.3% 19.1% 101.5% 32.3% 11.5% 14.2%
Product Group
Consumer Goods 1.6% -2.2% 8.8% 36.5% 5.7% 2.9% 5.7%
Intermediate Goods 1.2% 0.0% 2.8% 17.3% 11.9% 5.9% 7.1%
Investment Goods 1.9% -5.3% 2.5% -4.3% 1.6% -1.7% 6.3%
Mining -2.9% 2.9% -0.6% -2.9% 6.7% 4.7% 6.4%
Electricity & Gas -3.0% 1.8% 8.7% 32.7% -0.3% 2.5% 2.9%
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