TOKYO (AP) – Japans industrial production rebounded 4 percent in December from November and household spending increased for a second month, suggesting the still-weak economy is gaining some steam after last years tsunami disaster and flooding in Thailand that disrupted manufacturers supply chains.
Output of automobiles, cell phones and semiconductors drove the gains last month after production fell 2.7 percent in November. Manufacturers project further production increases in January and February, the Ministry of Economy, Trade and Industry said Tuesday.
But Japans unemployment rate edged up to 4.6 percent and Junko Nishioka, economist at RBS Japan Securities, cautioned that the economic outlook was “mixed.”
While she was heartened by the 0.5 percent uptick in family spending, Nishioka said prospects for Japans vital manufacturing sector remained tentative amid weak export demand.
“The pace of recovery will be slow,” she said.
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