Despite Corona, industrial production in Japan will rise in February

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Activity in Japanese factories slowed, compared to January, during which production rose 1 percent, but Bloomberg economists had expected it to remain unchanged in February.

According to the Ministry of Economy, Trade and Industry, the rise in industrial production last month was caused, in particular, by the electronics and chemistry sectors, while activity in the automotive, transportation and machine tools sector declined.

Deliveries of manufactured products rose 2.6 percent in a month, while factory inventories fell 2 percent.

In a survey conducted by the ministry, Japanese industrial companies expected a remarkable decline in their production by 5.3 percent in March, in a context of a critical global economy due to an epidemic Coved 19.

It is supposed to appear on the Japanese industry, especially on two sectors the cars And electronics, the effects of isolating entire regions in Europe and North America, causing paralysis in economic activity.

The collapse of auto demand has forced Japanese manufacturers like "Toyota" And the"April" And the"Honda"Partially suspended on production Japan Also in recent days, in addition to the suspension of work in its factories previously in Europe and North America.

According to the ministry’s survey, Japanese manufacturers have so far hoped for a clear rise in production in April.

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Activity in Japanese factories slowed, compared to January, during which production rose 1 percent, but Bloomberg economists had expected it to remain unchanged in February.

According to the Ministry of Economy, Trade and Industry, the rise in industrial production last month was caused, in particular, by the electronics and chemistry sectors, while activity in the automotive, transportation and machine tools sector declined.

Deliveries of manufactured products rose 2.6 percent in a month, while factory inventories fell 2 percent.

In a survey conducted by the ministry, Japanese industrial companies expected a remarkable decline in their production by 5.3 percent in March, in a context of a critical global economy due to an epidemic Coved 19.

It is supposed to appear on the Japanese industry, especially on two sectors the cars And electronics, the effects of isolating entire regions in Europe and North America, causing paralysis in economic activity.

The collapse in auto demand forced Japanese manufacturers such as Toyota, Nissan and Honda to partially suspend production in Japan Also in recent days, in addition to the suspension of work in its factories previously in Europe and North America.

According to the ministry’s survey, Japanese manufacturers have so far hoped for a clear rise in production in April.



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