Japan Industrial production January 2021


Japan: Industrial output grows at best pace in six months in January

February 26, 2021

Industrial output rose 4.2% in month-on-month seasonally-adjusted terms in January, which contrasted December's 1.0% decrease.

On an annual basis, factory output dropped 5.3% in January (December: -2.6% yoy). Moreover, the trend pointed down, with the annual average variation of industrial production coming in at minus 10.3% in January, down from December's minus 10.0% reading.

FocusEconomics panelists see industrial production expanding 5.7% in 2021, which is down 0.3 percentage points over the previous month’s projection, and 4.2% in 2022.

Author:, Economist

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Japan Industrial production Chart

Japan Industry January 2021

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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