Japan Industrial production August 2020


Japan: Industrial output growth dips in August

September 30, 2020

Industrial output rose 1.7% month-on-month in seasonally-adjusted terms in August, which was a deterioration from July's 8.7% increase, which had marked the best result since at least 1990.

On an annual basis, industrial output dropped 13.3% in August (July: -15.5% yoy), the softest fall since March. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 10.0% in August, down from July's minus 9.4% reading.

FocusEconomics panelists see industrial production decreasing 11.3% in 2020, which is unchanged over the previous month’s projection. In 2021, the panel sees industrial production recovering 4.6%, which is down 0.2 percentage points from the prior month’s estimate.

Author:, Economist

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Japan Industrial production Chart

Japan Industry August 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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