Japan Industrial production June 2020

Japan

Japan: Industrial activity shows signs of life in June

July 31, 2020

Industrial production increased 2.7% in June in month-on-month seasonally-adjusted terms, contrasting the 8.9% decrease in May. This latest reading marks the first increase in five months and was driven by stronger manufacturing output.

On an annual basis, factory output fell 17.7% in June, after falling 26.3% in May. The trend pointed down, with the annual average variation of industrial production coming in at minus 7.9% in June, down from May’s 6.8%.

FocusEconomics panelists see industrial production decreasing 9.6% in 2020, which is down 0.6 percentage points over the previous month’s projection. In 2021, the panel sees industrial production recovering 4.6%.


Author:, Economist

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Japan Industry June 20 20

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.


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