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1st LD Writethru: Japan's industrial output in Feb. fall faster than expected

Xinhua, March 30, 2015 Adjust font size:

Japan's industrial output in February declined at a faster-than-expected pace in February, government data showed Monday.

The figure dropped 3.4 percent from the previous month, in contrast to a 3.7 percent increase in January. Economists had forecast a 1.8 percent fall for the month.

However, the Japanese Economy, Trade and Industry Ministry maintained its basic assessment of output, saying it is"showing signs of increase at a moderate pace."

The index of output at factories and mines stood at 98.9 against the base of 100 in 2010, said the ministry.

By sector, production of small passenger cars and automotive parts shed 3.6 percent, highlighting weak domestic demand.

Output by general-purpose machinery makers dropped 5.6 percent, while that of electronic parts and devices plunged 7.4 percent.

Only two sectors out of 15 saw their production increase, with that of petroleum and coal products makers, and pulp and paper manufacturers growing 1.8 percent and 0.4 percent, respectively. Endi