Industry in Japan
Japan - Industry
Industrial production grows in November
Industrial production in Japan expanded 1.5% in November compared to the previous month in seasonally-adjusted terms, above October’s revised 0.0% reading (previously reported: +0.1% month-on-month). November’s figure slightly undershot analysts’ expectations of a 1.6% rise.
According to the Ministry of Economy, Trade and Industry, November’s growth in industrial production was driven by the general-purpose, production and business-oriented machinery, transport equipment and electrical machinery subsectors, while the ceramics, stone and clay products, plastic products and pulp, paper and paper products subsectors subtracted from growth.
On an annual basis, industrial output rose 4.6% in November, contrasting October’s 1.4% fall (previously reported: -1.3% year-on-year) and marking the fastest growth rate since March 2014. Annual average growth in industrial production was minus 0.7% in November, up from the 0.9% decline registered in October.
The Survey of Production Forecast showed that manufacturers are becoming more optimistic. They now expect industrial output to have recorded a 2.0% mom increase in December, contrasting the 0.6% contraction forecast in the previous month’s survey. Manufacturers expect a 2.2% rise in January 2017.
FocusEconomics Consensus Forecast panelists see industrial production rising 1.8% in 2017, which is up 0.2 percentage points from the previous month’s forecast. For 2018, the panel expects industrial production to expand 1.5%.
Japan - Industry Data
|Industrial Production (annual variation in %)||-2.6||0.2||-0.6||2.1||-0.9|
5 years of economic forecasts for more than 30 economic indicators.
Japan Industry Chart
Source: Ministry of Economy, Trade and Industry and FocusEconomics calculations.
|Bond Yield||0.07||-12.00 %||Jan 20|
|Exchange Rate||114.6||-0.21 %||Jan 20|
|Stock Market||19,138||0.34 %||Jan 20|
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January 16, 2017
Core machinery orders (a leading indicator of capital spending over a three- to six-month period) in Japan fell in November after briefly recovering in the previous month.
January 10, 2017
Japanese consumer sentiment rose from November’s 40.9 to 43.1 in December, which marked the highest print since September 2013.
December 28, 2016
Industrial production in Japan expanded 1.5% in November compared to the previous month in seasonally-adjusted terms, above October’s revised 0.0% reading (previously reported: +0.1% month-on-month).
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The core consumer price index was entirely flat in November compared to the previous month, below October’s 0.2% rise.
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In November, nominal Japanese exports valued in yen fell 0.4% from the same month last year, which followed October’s 10.3% decline.