Rubber Goods Shipments Down 4% in February, Fall for Eight Straight Months

Shipment value of rubber goods in Japan declined in February by 4 percent year-on-year to 179.4 billion yen ($1.61 billion), sliding for the eighth consecutive month, according to Japan’s Ministry of Economy, Trade and Industry (METI). Production volume of automobile tires were 12.11 million tires, down 5 percent on-year, marking the 15th consecutive month of year-on-year decreases. Meanwhile, the value…