In March, industrial production expanded 1.0% over the previous month in seasonally adjusted terms, contrasting the 1.6% drop observed in February (previously reported: -1.2% quarter-on-quarter) but was well below the 2.3% rise expected by market analysts. On an annual basis, industrial production increased a robust 13.9% in March, which followed the softer 1.5% rise registered in the previous month but undershot market expectations of a 15.5% increase. The strong annual print partially reflects a plunge in output in the same month of last year due to the Tohoku earthquake. According to the Ministry of Economy, Trade and Industry, the monthly rise was broad-based as most of the main sub-components recorded higher readings compared to the previous month, particularly in transportation as well as in information and communication equipment. That said, the government maintained its assessment on Japan's industrial production, citing
Industrial production rebounds less than expected
April 27, 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 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).