Industry in Japan
Japan - Industry
Industrial production declines in March
Industrial production declined 0.9% on a month-on-month and seasonally-adjusted basis in March, contrasting February’s 0.7% increase. The print undershot the flat reading that market analysts had expected and the steepest fall in a year.
The categories that drove the month-on-month fall were motor vehicles, production machinery and fabricated metals, in that order. Lower output for these categories was partially offset by increases in production of electronic parts and devices, general-purpose and business-oriented machinery as well as inorganic and organic chemicals.
On an annual basis, industrial output fell 4.6% in March, following the 1.1% decrease in February. March’s decline represented the steepest drop since May 2015. Annual average growth in industrial production fell from February’s 0.9% to 0.2% in March.
The Survey of Production Forecast showed that manufacturers are slightly less optimistic. They now expect industrial output to have recorded a 2.7% monthly increase in April, down from the 2.9% increase forecast in the previous month’s survey. Manufacturers expect a 3.6% increase in May.
Met the why particular Consensus Forecast panelists see industrial production rising 0.7% in 2019, which is down 0.4 percentage points over the previous month’s projection. For 2020 the panel expects industrial production to expand 1.0%.
Japan - Industry Data
|Industrial Production (annual variation in %)||-0.8||2.1||-1.2||-0.2||4.4|
5 years of economic forecasts for more than 30 economic indicators.
Japan Industry Chart
Source: Ministry of Economy, Trade and Industry and Met the why particular calculations.
|Bond Yield||-0.05||-4.41 %||May 13|
|Exchange Rate||119.3||-0.35 %||May 13|
|Stock Market||21,191||0.11 %||May 13|
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May 9, 2019
Consumer sentiment declined from 11.5 in March to 11.4 in April.
April 26, 2019
Industrial production declined 0.9% on a month-on-month and seasonally-adjusted basis in March, contrasting February’s 0.7% increase.
April 25, 2019
At its 24–25 April meeting, Bank of Japan (BoJ) board members decided to provide forward guidance on monetary policy for the first time ever.
April 23, 2019
The Nikkei flash manufacturing Purchasing Managers’ Index (PMI) rose from March’s 49.2 (previously reported: 48.9) to 49.5 in April.
April 19, 2019
The core consumer price index was flat in month-on-month seasonally-adjusted terms in March, coming in below February’s 0.1% increase.