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Japan Factory Output Rises Again in February

By: Associated Press
By: Associated Press

TOKYO (AP) - Japan's government says the country's industrial output climbed for the fourth straight month in February on strong demand for cars and machinery.

The Ministry of Economy, Trade and Industry said Wednesday that factory output, a key measure of overall economic activity, rose 0.4 percent from January.

The result was better than an average market forecast of a 0.1 percent decline by the Kyodo News agency.

But the government warned that industrial production would fall sharply in the coming months due to the March 11 earthquake and tsunami, which decimated much of northern Japan, crippling production and supply chains.

The government gave no output forecast.

(Copyright 2011 by The Associated Press. All Rights Reserved.)


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