Japan: Industrial activity drops again in August
September 30, 2021
Industrial production fell 3.6% month-on-month in seasonally-adjusted terms in August, deteriorating from July’s 1.5% decline.
On an annual basis, factory output rose 8.8% in August, which was well below July’s 11.6% expansion and marked the lowest result since March. Meanwhile, annual average industrial production growth rose to 3.8% in August (July: +1.9%), signaling an improving trend in the industrial sector.
Author: Stephen Vogado, Economist