Japan's Industrial Output up 3.5% in August

Economy recovering from slump

Japan's industrial output rose by 3.5% in August from the previous month, the government said Oct. 15.

Shipments increased 4.9% in August, the Ministry of Economy, Trade and Industry said. Inventories rose a revised 0.2%.

Japan's economy, the second largest in the world, is gradually recovering from a slump stretching back over a decade. But there are concerns about the impact of slowing exports to the U.S. A drop in corporate capital investment also caused Japan's gross domestic product to contract in the second quarter of this year.

Copyright Agence France-Presse, 2007

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