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Japan's factory output rises for seventh month

Friday, October 30, 2009
AP


TOKYO -- Japan's factory output rose for the seventh straight month in September, as recovering global trade boosted demand for the country's cars and electronics. Industrial production — a key barometer of the country's economic health — rose 1.4 percent from August and “continues to show an upward movement,” the government said Thursday.

The figure outpaced a 1.0 percent rise forecast in a Kyodo News agency survey of economists. Strong gains among manufacturers of transport equipment, electronics parts and electrical machinery contributed to the gains, according to the Ministry of Economy, Trade and Industry's monthly report.

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