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Japan November factory output surged 7.2% on jump in car production

Figure lifts prospects for a strong fourth-quarter economic rebound

A factory in Kawasaki, Japan. The national output of cars and other motor vehicles surged 43.1% in November, and plastic products rose 9.5% from the previous month.   © Reuters

TOKYO (Reuters) -- Japan's factory output surged in November as production in the auto sector benefited from a recovery in global parts supplies, lifting prospects for a strong fourth-quarter economic rebound.

Despite the output jump, the Japanese manufacturing outlook remained clouded by the risk of slowing overseas activity due to a resurgence of the coronavirus pandemic and a persistent shortage in global chip supplies.

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