Japan Industry

Japan

Japan: Industrial production moderates at the outset of the year

February 28, 2013

In January, industrial production rose 1.0% over the previous month in seasonally adjusted terms. The reading followed the 2.4% increase observed in December but fell short of the 1.5% expansion expected by the market.

According to the Ministry of Economy, Trade and Industry, the sectors that contributed the most to the monthly rise were transport equipment, iron and steel production as well as information and communication electronics equipment. Building on the second straight monthly rise, the government upgraded its assessment on Japan's industrial production, stating that "output has bottomed out with upticks seen in some segments of the economy."

On an annual basis, industrial production declined 5.1% in January, following the 7.9% decrease witnessed in December. As a result, the trend continues to point downwards, with annual average growth in industrial production falling from minus 0.3% in December to minus 0.6% in January.

The Survey of Production Forecast showed that manufacturers are becoming more optimistic and now see industrial output rising 5.3% month-on-month in February, which is above the 2.3% increase expected in the previous month's survey. Moreover, manufacturers forecast a 0.3% rise in March.

FocusEconomics Consensus Forecast panellists see industrial production expanding 0.2% in 2013, which is up 0.1 percentage points over the previous month's projection. In 2014, the panel expect industrial production to rise 3.3%.


Author:,

Sample Report

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

Download

Japan Industry Chart


Japan Industry January 2013

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: Machinery orders decline in May

    July 11, 2018

    Although core machinery orders—a leading indicator of capital spending over a three- to six-month period—contracted in May, the fall was weaker-than-expected, suggesting that capital expenditure will gain steam further down the road.

    Read more

  • Japan: Business confidence weakens in Q2

    July 2, 2018

    According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers fell in the second quarter of 2018, suggesting economic momentum has yet to gain traction following a weak first quarter.

    Read more

  • Japan: Consumer confidence declines marginally in June

    June 29, 2018

    Consumer sentiment inched down to 43.7 in June from 43.8 in May, coming in just below market expectations of a stable print.

    Read more

  • Japan: Industrial production falls in May

    June 29, 2018

    Industrial production contracted 0.2% on a month-on-month and seasonally-adjusted basis in May, contrasting April’s revised 0.5% increase (previously reported: +0.3% month-on-month).

    Read more

  • Japan: Core inflation stable in May

    June 22, 2018

    The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in May, reversing April’s 0.1% fall. Core inflation was steady at 0.7% in May, unchanged from April and in line with market expectations.

    Read more

More news

Search form