Japan Industry June 2018


Japan: Industrial production declines at fastest pace in five months in June

July 31, 2018

Industrial production contracted 1.8% on a month-on-month and seasonally-adjusted basis in June, following May’s 0.2% decrease. June’s decline was bigger than market expectations of a 0.4% drop.

On an annual basis, industrial output fell 0.9% in June, contrasting the 4.2% expansion registered in May and representing the lowest print since November 2016. Annual average growth in industrial production ticked from 3.7% in May to a one-year low of 3.2% in June.

FocusEconomics Consensus Forecast panelists see industrial production rising 2.1% in 2018, which is down 0.2 percentage points last month’s projection. For 2019 the panel expects industrial production to expand 2.4%.


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Japan Industry Chart

Japan Industry June 2018

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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