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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