In December, industrial production increased 3.1% in seasonally adjusted terms over the previous month. The reading more than tripled the 1.0% expansion tallied in November and overshot market expectations, which had industrial production growing 2.8%. The improvement over the previous month was mostly driven by stronger sales of transport equipment (December: +5.1% month-on-month; November: +4.5% mom), in particular of passenger cars and ships, as well as by the increased production of electronic parts and devices. The robust expansion was fuelled by strong exports to China and the United States. Despite the strong monthly increase, industrial output growth moderated in annual terms from a 5.8% expansion in November to a 4.6% increase, as the favourable base effect is fading. Moreover, annual average growth inched down to 15.9% (November: +16.1% year-on-year). According to a survey published together with industrial output data, manufacturers expect the industrial sector to expand 5.7% in January and to decrease 1.2% in February.
Industrial output rebounded vigorously at the end of 2010
January 31, 2011
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Japan Economic News
October 12, 2016
Core machinery orders (a leading indicator of capital spending over a three- to six-month period) declined for the first time in three months in August.
October 4, 2016
Consumer sentiment rose from August’s 42.0 to 43.0 in September.
October 3, 2016
According to the Bank of Japan’s quarterly TANKAN business survey, sentiment among large manufacturers was stable at 6 in Q3.
September 30, 2016
In August, the core consumer price index was flat compared to the previous month, which was above the 0.2% decline in July.
September 30, 2016
In August, industrial production expanded 1.5% over the previous month in seasonally-adjusted terms, which contrasted July’s 0.4% decrease (previously reported: 0.0% month-on-month).