Bloomberg reports:
Japan’s industrial output rose for a third month in May as companies rebuilt inventories and the economy started to climb out of its deepest postwar recession.
Production climbed 5.9 percent from a month earlier, the Trade Ministry said today in Tokyo, the same pace as April, which was the biggest gain since 1953. Economists surveyed by Bloomberg predicted a 6.9 percent increase, and factories were still producing 29.5 percent less than last year.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1YmyxzpSe86GJuYledndmaeIBxh14TT9WzKjgnR4UAdOdJwO6ugPjJyw0Vsce2BKxbkO5nurDEG3s0DtkPYbYeB-6tlets6bU50GHED7dWOJ9wONiDoHZzGCXbIgm7NT_h271jsS2jmw/s400/japanindprod.png)
One of the largest areas of industrial production in Japan is production of passenger cars, which makes up ~8.5% of the index. This areas showed a HUGE rebound over the last month, up 34% month over month (seasonally adjusted), though still down 40% from the same period last year.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzFYsWyhFBeWCq0RxGvbJ7WmwKpme9BvJvEvh05J3Zg2WuQwhALc6JSyvR8yWvmRg0xFydJEOBBoeisPQJ4wNJHusPfiQd01cQkmoEbeUNqEjCDOMfKlenPvJNmONQEmKwoiQVXpxLuAw/s400/passenger.png)
Source: METI.GO.JP
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