Japan Industry April 2017

Japan

Japan: Industrial production soars in April

May 31, 2017

Industrial production in Japan rose 4.0% in April compared to the previous month in seasonally-adjusted terms, contrasting March’s 1.9% decrease. April’s mark undershot analysts’ expectations of a 4.2% expansion but represented a nearly six-year high.

According to the Ministry of Economy, Trade and Industry, April’s expansion in industrial production was driven by transport equipment, general-purpose, production and business oriented machinery as well as electronic parts and devices, in that order. On the other hand, the information and communication electronics equipment, pulp, paper and paper products, petroleum and coal products categories subtracted from growth.

On an annual basis, industrial output rose 5.7% in April, coming in above March’s 3.5% increase and marking an over three-year high. Annual average growth in industrial production ticked up from 1.1% in March to 1.9% in April.

The Survey of Production Forecast showed that manufacturers are becoming more optimistic. They now expect industrial output to have recorded a 2.5% monthly decrease in May, above the 3.7% drop forecast in the previous month’s survey. Manufacturers expect a 3.7% decline in June.

FocusEconomics Consensus Forecast panelists see industrial production rising 1.8% in 2017, which is up 0.2 percentage points from the previous month’s forecast. For 2018, the panel expects industrial production to expand 1.5%.


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 April 2017

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