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To: Bobby Yellin who wrote (41418)	9/28/1999 9:33:00 PM
From: goldsnow	Respond to of 116764

Japan Industrial Output Rises 4.6% in August from July in Recovery Sign By Ryo Hino and Yoshiko Matsushita Tokyo, Sept. 29 (Bloomberg) -- Japan's industrial production rose in August, as companies cranked up production to meet rising demand at home and abroad. Output at factories and mines rose 4.6 percent in August from June, seasonally adjusted, the Ministry of International Trade and Industry said. That topped economists' expectations of a 3.8 percent increase but was in line with MITI's forecast of a 4.7 percent gain. MITI's forecast, based on its survey of manufacturers ``was very high,' and some analysts doubted it would be met, Hiroshi Kuribayashi, chief economist at Barclay's Capital Japan Ltd., said before the report was released. Now, the increase in output will reinforce perceptions that Japan's recovery from last year's recession is taking hold. Inventories increased 0.2 percent in August, to be 8.7 percent smaller than a year earlier. Shipments rose 4 percent in the month, to be 5.8 percent higher than a year ago, MITI said. Manufacturers expect to slow production lines now. Output is seen falling 1.3 percent this month, and declining another 0.7 percent next month, MITI said. ``Future growth can't remain strong,' said Kuribayashi. ``There's a question to whether demand can keep up with the increase in production.' Consumer demand is rising -- spending rose 0.8 percent in the April-June quarter, the second consecutive rise -- even as incomes decline. People are digging into their savings to spend, and analysts say there won't be a sustained increase in spending until wages start to rise. ¸1999 Bloomberg L.P. All rights reserved. Terms of Service, Privacy Policy and Trademarks ps. great quotes, Thank you