The Japanese recovery is showing signs of faltering. In September, industrial output dropped for the fourth consecutive month, falling a seasonally adjusted 1.9% over the previous month. The reading came in below both the 0.5% contraction registered in August (previously reported: +0.3% month-on-month) and market expectations, which had industrial production decreasing 0.6%.The monthly contraction was broad-based, although mostly driven by a decline in the production of transport equipment as well as in electronic parts and devices. Owing to the weak monthly figure, industrial production decelerated from a 15.1% year-on-year expansion in August to an 11.1% increase in September. Nonetheless, the annual average growth continued to improve from 9.9% in August to 13.1% in September, reflecting mostly the dismal performance of the industrial sector a year ago (September 2009: -17.5% yoy). According to a survey published along with industrial output data, manufacturers expect industrial output will continue to fall, decreasing by 3.6% in October and 1.7% in November.
Industrial output drops for the fourth consecutive month
October 29, 2010
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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).