Tokyo, 30 May-2014, IANS: Japan's industrial output in April dropped a seasonally adjusted 2.5 percent…
Industrial production expanded at a higher rate of 4.2% in July this year compared to the same month last year as manufacturing activity and offtake of capital goods improved.
The industrial production had grown by 0.9% in July last year.
Industrial growth, measured in terms of the Index of Industrial Production (IIP), was at 3.5% in April-July period against 3.6% in the year-ago period, the data released by the Central Statistics Office (CSO) on Friday showed.
Moreover, the IIP growth for June has been revised upwards to 4.36% from provisional estimate of 3.8% released last month.
The manufacturing sector, which constitutes over 75% of the index, grew by 4.7% in July 2015 against a contraction of 0.3% in the same month last year.
The output of capital goods, a barometer of investment, grew at an impressive rate of 10.6% against a contraction of 3% in the same month last year.
The mining sector growth was at 1.3% in July against 0.1% in the same month last fiscal.
Power generation growth slowed to 3.5% in July compared to 11.4% in the same month a year ago.
The consumer durables goods output expanded at 11.4% in July compared to a contraction of 20.4% in the month a year ago.
Overall consumer goods output rose by 1.3% in July compared to a contraction of 5.9% in the month a year ago.
In terms of industries, 12 out of 22 groups in the manufacturing sector showed positive growth in July.