Japan Industrial production November 2020


Japan: Industrial output flatlines in November

December 28, 2020

Industrial output flatlined in November having grown 4.0% month-on-month in October. November's figure marked the worst reading since May.

On an annual basis, industrial production fell at a sharper rate of 3.4% in November (October: -3.0% yoy). Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 10.1% in November, up from October's minus 10.5%.

FocusEconomics panelists see industrial production expanding 6.0% in 2021, which is up 0.9 percentage points over the previous month’s projection, and 3.7% in 2022.

Author:, Economist

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Japan Industrial production Chart

Japan Industry November 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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