Japan Industry March 2018

Japan

Japan: Industrial production expands for second consecutive month in March

April 27, 2018

In March, industrial production rose 1.2% on a month-on-month and seasonally-adjusted basis, following the 2.0% increase in February. March’s print, which represented the second expansion in a row, came in above analysts’ expectations of a 0.5% increase.

The categories that mainly contributed to the month-on-month increase were electronic parts and devices; chemicals (excluding drugs); and transport equipment, in that order.

On an annual basis, industrial output grew 2.2% in March, accelerating from February’s 1.6% increase. Annual average growth in industrial production ticked down from 4.2% in February to 4.1% in March.

The Survey of Production Forecast showed that manufacturers are feeling more pessimistic. They expected industrial production to have expanded 3.1% in April, down from the 4.0% rise forecast in the previous survey. Furthermore, manufacturers expect industrial output to fall 1.6% in May.

FocusEconomics Consensus Forecast panelists see industrial production rising 2.8% in 2018, which is down 0.2 percentage points from last month’s projection. For 2019 the panel expects industrial production to expand 2.2%.


Author: Ricard Torné, Lead Economist

Sample Report

Looking for forecasts related to Industry in Japan? Download a sample report now.

Download

Japan Industry Chart


Japan Industry March 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.


Japan Economic News

  • Japan: Composite PMI slumps in February, raising chances of technical recession in Q1

    February 21, 2020

    The Jibun Bank composite Purchasing Managers’ Index (PMI) slumped to 47.0 in February from a revised 50.1 in January (previously reported: 51.1), according to a flash reading released on 21 February, suggesting private sector activity declined from the previous month at the fastest pace in nearly six years. The services PMI dropped to 46.7 in February from a revised 51.0 in January (previously reported: 52.1).

    Read more

  • Japan: Core inflation ticks up in January

    February 21, 2020

    The core consumer price index increased 0.1% in month-on-month seasonally-adjusted terms in January, matching December’s result.

    Read more

  • Japan: Core machinery orders fall in December

    February 19, 2020

    Core machinery orders—which cover the private sector, exclude volatile orders and are a leading indicator for capital spending over the coming three- to six-month period—fell in December for the fifth time in six months. Specifically, core machinery orders dropped 12.5% in December compared to the previous month in seasonally-adjusted terms, falling faster than market analysts’ expectation of a 9.0% decrease and contrasting the 18.0% increase in January. In year-on-year terms, core machinery orders fell 3.5% in December, contrasting the 5.3% increase in November.

    Read more

  • Japan: Exports drop for 14th month running in January

    February 19, 2020

    Yen-denominated merchandise exports fell 2.6% in January in year-on-year terms, after dropping 6.3% in December.

    Read more

  • Japan: Economy contracts sharply at the end of 2019

    February 17, 2020

    The economy contracted 6.3% in Q4 compared to the previous quarter in seasonally-adjusted annualized terms.

    Read more

More news

Search form