Japan's industrial production index rose 5.7% in May, led by a rebound in auto output, the Ministry of Economy, Trade and Industry said Wednesday. The rise marked a sharp acceleration from April's 1.6% increase, and beat separate Dow Jones Newswires and Reuters consensus forecasts of 5.5%, though the result was still 5.9% lower than that of May 2010. The ministry said passenger cars and trucks were the top contributors to the gain, while the general machinery and chemicals sectors also boosted the result. Among forecasts contained in the government data, manufacturers tipped a further 5.3% gain for June, down from a previous forecast of 7.7%, and a sharp slowing in July, when they said output would rise just 0.5%. |