23 April 2004, 10:12  Japan March industrial output seen up 0.7% m/m

Japanese industrial output probably rose in March as companies churned out more goods to be exported to fast-growing China and elsewhere, a poll showed on Friday. The poll of 26 economists produced a median forecast of a month-on-month rise of 0.7 percent, following a 3.8 percent fall in February. Forecasts ranged from a rise of 1.2 percent to a fall of 1.0 percent. "Export volume continues to grow and this is helping to sustain a rising trend in production," said Takehiro Sato, an economist at Morgan Stanley, who forecast a 0.9 percent month-on-month fall but a 6.7 percent year-on-year rise. The median year-on-year forecast was for a rise of 7.9 percent. The government will announce the data on Wednesday, April 28 at 8:50 a.m.///

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