In April, industrial production expanded 0.2% over the previous month in seasonally adjusted terms, undershooting both the 1.3% rise observed in March (previously reported: +1.0% month-on-month) and market expectations that had industrial output expanding 0.5%. On an annual basis, industrial production increased a solid 13.4% in April, which was, nevertheless, below the 14.2% expansion observed in March. The strong annual print was boosted by a low base of comparison due to a plunge in output in the same month last year amid the aftermath of the 11 March 2011 earthquake. According to the Ministry of Economy, Trade and Industry, the monthly reading was mainly affected by higher output of transport equipment and electrical machinery, which were partially offset by lower production of information and communications electronics as well as of electronic parts and devices. That said, the government maintained its optimistic assessment on Japan's industrial production, citing
Industrial production moderates in April
May 31, 2012
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Japan Industry Chart
Note: Month-on-month changes of seasonally adjusted industrial production and year-on-year growth rate in %.
Source: Ministry of Economy, Trade and Industry (METI) and FocusEconomics calculations.
Japan Economic News
October 24, 2016
The Nikkei Flash Manufacturing Purchasing Managers’ Index (PMI) rose from September’s revised 50.4 (previously reported: 50.3) to 51.7 in October.
October 24, 2016
In September, nominal exports valued in yen declined 6.9% from the same month last year, which followed August’s 9.6% decline.
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.