Japanese industrial production in May increased 5.9% from the previous month the Ministry of Economy, Trade and Industry reported on Monday. This is the third straight positive figure. The rise in output was led by the automobile, electronics, and iron and steel sectors but almost all sectors saw increases. Production fell only in the pulp, paper and textile sectors.
Now the question is, "is it sustainable or not?" Manufacturers said that they expected output to increase 3.1% in June and 0.9% in July, implying that it may run out of steam.
June 30, 2009
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