After six months in decline, Japanese manufacturers reported that industrial output rose in March, primarily in general machinery and electronic components. The manufacturers projected accelerating growth, following up last month's 1.6% expansion with an estimated 4.3% increase this month and 6.1% growth in May. "After a heavy correction that began last autumn - production fell 35 percent between July and February - it appears that progress has been made on the production and inventory fronts.
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