In January, industrial production rose 2.0% over the previous month in seasonally adjusted terms, following on from December's strong 3.8% expansion. Moreover, the print overshot market expectations that had factory output increasing 1.5%. On an annual basis, although industrial production declined 1.2% in January, it was still above both the 4.3% contraction recorded in the previous month and the 1.6% drop expected by the market. According to the Ministry of Economy, Trade and Industry, the monthly increase was mainly driven by strong gains in transport equipment and general machinery, information and communication electronics equipment, and iron and steel production. On the downside, the electronic parts and devices category declined. Meanwhile, the government upgraded its assessment on Japan's industrial production for the first time since May last year, citing ?signs of an upward movement.? Analysts reckon that industrial production benefited as supply chain disruptions, caused by the devastating floods in Thailand late last year, began to recede. According to the Survey of Production Forecast, manufacturers are more upbeat and see industrial output expanding 1.7% in February, up from the 1.5% rise expected in the previous month's survey. A 1.7% increase is also expected in March.
Industrial production continues to rise in January
February 29, 2012
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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).