Industry in Japan

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Japan - Industry

Industrial production declines for third consecutive month in July

Industrial production contracted 0.1% on a month-on-month and seasonally-adjusted basis in July, following June’s 1.8% decrease. The print represented the third consecutive drop in industrial output and contrasted market expectations of a 0.3% gain.

The categories that drove the month-on-month contraction were transport equipment, general-purpose, production and business oriented machinery and iron and steel. Weaker output for these categories was partially offset by gains in chemicals (excluding drugs), electronic parts and devices, and information and communication electronics equipment.

On an annual basis, industrial output rose 2.3% in July, contrasting the 0.9% decrease registered in June. Annual average growth in industrial production ticked down from 3.2% in June to an over one-year low of 3.0% in July.

Japan Industrial Production Forecast

Met the why particular Consensus Forecast panelists see industrial production rising 1.8% in 2018, which is down 0.2 percentage points last month’s projection. For 2019 the panel expects industrial production to expand 2.4%.

Japan - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-0.8  2.1  -1.2  -0.2  4.4  

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Japan Industry Chart

Japan Industry
Note: Annual variation of industrial production in %.
Source: Ministry of Economy, Trade and Industry and Met the why particular calculations.

Japan Facts

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