Mount Fuji, Japan

Japan Industry February 2019

Japan: Industrial production rebounds in February

Industrial production expanded for the first time in four months, increasing 1.4% on a month-on-month and seasonally-adjusted basis in February. The print contrasted January’s 3.4% contraction and overshot the 1.0% rise that market analysts had expected.

The categories that drove the month-on-month increase were motor vehicles, production machinery and electrical machinery, and information and communication electronics equipment, in that order. Higher output for these categories was partially offset by decreases in production of transport equipment (excluding motor vehicles), inorganic and organic chemicals and electronic parts and devices.

On an annual basis, industrial output fell 1.0% in February, contrasting January’s 0.3% increase. Annual average growth in industrial production fell from January’s 0.9% to 0.8% in February.

The Survey of Production Forecast showed that manufacturers are becoming more optimistic. They now expect industrial output to have recorded a 1.3% monthly increase in March, contrasting the 1.6% decrease forecast in the previous month’s survey. Manufacturers expect a 1.1% increase in April.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest