Factories line the port of Osaka, western Japan October 23, 2017. REUTERS/Thomas WhiteRegister now free of charge limitless access to Reuters.comRegisterFeb output increases 0.1%, weaker than expectedCar production up 10.9% m/m in FebManufacturers see output up in Mar, AprTOKYO, March 31 (Reuters) – Japanese factories posted their very first rise in output in 3 months in February as resilience in international demand caused a rebound in automobile production, a welcome sign for policymakers hoping to keep the nations vulnerable economic recovery on track.The boost, nevertheless, was smaller sized than market expectations, highlighting the sticking around impact of supply chain bottlenecks and other threats such as rising costs of raw materials.Factory output increased 0.1% in February from the previous month, official information showed on Thursday, as growing production of cars and transport devices balanced out a decline in chemicals.Register now free of charge limitless access to Reuters.comRegisterThat implied output returned to growth after slipping 0.8% in January and 1.0% in December. The increase was weaker than a 0.5% gain projection in a Reuters poll of economists.The outlook for the worlds third-largest economy has actually damaged after energy and product costs skyrocketed following Russias intrusion of Ukraine last month. Costs for basic materials have risen, saddling exporters with higher input expenses, while supply chain disturbances have actually increased.”The circumstance in Ukraine is most likely to aggravate the parts scarcity even more,” stated Takumi Tsunoda, senior economic expert at Shinkin Central Bank Research.”It feels like theres a risk the recovery in output will be delayed even more.”Japanese automakers and providers are likewise dealing with headwinds from coronavirus-related disruptions in China, the worlds biggest market.Thursdays information revealed output of vehicles and other automobile gained 10.9% from the previous month in February, rebounding after a sharp contraction in January as pressure from parts scarcities eased.Manufacturers surveyed by the Ministry of Economy, Trade and Industry (METI) expected output to advance 3.6% in March and 9.6% in April.But those projections, nevertheless, did not consider any output disturbances brought on by a powerful magnitude 7.4 earthquake that struck off Japans northeastern coast on March 16, which led to plant shutdowns at Toyota Motor Corp and other firms.Japanese companies production prepare for the months ahead are increasingly far too positive, stated Tom Learmouth, Japan economic expert at Capital Economics, highlighting possible risks going into next quarter.”Fresh headwinds of possible supply chain disruption in Russia and China might keep the handbrake on Japanese industrial production, pressing back any rebound till later in the year.”Register now totally free endless access to Reuters.comRegisterReporting by Daniel Leussink; Editing by Sam Holmes and Lincoln Feast.Our Standards: The Thomson Reuters Trust Principles.
Japans Feb factory output rises for first time in three months – Reuters.com
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