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Japan Industrial production February 2021

Japan: Industrial activity falls at sharpest rate since May 2020 in February

Industrial production declined 2.1% month-on-month in seasonally-adjusted terms in February (January: +4.3% mom). The outturn marked the worst reading since May 2020.

On an annual basis, factory output fell at a softer pace of 2.6% in February (January: -5.2% yoy). However, the trend improved, with the annual average variation of industrial production coming in at minus 10.1%, up from January’s minus 10.3%.

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