Industry in Japan
Japan - Industry
Industrial production rebounds in June
Industrial production rose 1.6% in June compared to the previous month in seasonally-adjusted terms, contrasting May’s 3.6% decrease. June’s print was broadly in line with the 1.5% rise that market analysts had expected.
According to the Ministry of Economy, Trade and Industry, June’s rise in industrial production was driven by transport equipment, chemicals (excluding drugs), electrical machinery, in that order.
On an annual basis, industrial output rose 4.9% in June, coming in below May’s 6.5% increase. Annual average growth in industrial production ticked up from 2.4% in May to 3.0% in June, which represented the highest reading since November 2014.
The Survey of Production Forecast showed that manufacturers are becoming more optimistic. They now expect industrial output to have recorded a 0.8% monthly increase in July, contrasting the 0.1% contraction forecast in the previous month’s survey. Manufacturers, expect a stronger 3.6% expansion in August.
FocusEconomics Consensus Forecast panelists see industrial production rising 3.6% in 2017, which is up 0.1 percentage points over the previous month’s projection. For 2018, the panel expects industrial production to expand 1.8%.
Japan - Industry Data
|Industrial Production (annual variation in %)||0.2||-0.6||2.1||-1.2||-0.2|
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||0.05||9.76 %||Aug 17|
|Exchange Rate||109.6||-0.57 %||Aug 17|
|Stock Market||19,703||-0.14 %||Aug 17|
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August 14, 2017
The Japanese economy expanded healthily in Q2 on the back of a strong pickup in domestic demand.
August 10, 2017
Core machinery orders (a leading indicator of capital spending over a three- to six-month period) declined for the third consecutive month in June, casting doubts about the strength of firms’ capital spending in the months to come.
August 2, 2017
Consumer sentiment inched up from 43.3 in June to 43.8 in July.
July 31, 2017
Industrial production rose 1.6% in June compared to the previous month in seasonally-adjusted terms, contrasting May’s 3.6% decrease.
July 24, 2017
The Nikkei Flash Manufacturing Purchasing Managers’ Index (PMI) fell from June’s revised 52.4 (previously reported: 53.1) to 52.2 in July.