Industry in Japan
Japan - Industry
Industrial production rebounds in July
Industrial production rose 1.3% on a month-on-month and seasonally-adjusted basis in July, contrasting June’s 3.3% decrease (previously reported: -3.6% month-on-month). The print overshot the 0.3% increase that market analysts had expected by a wide margin.
The categories that drove the month-on-month rise were motor vehicles, chemicals (excluding inorganic, organic chemicals, and medicine) and pulp, paper and paper products, in descending order. Higher output for these categories was partially offset by decreases in production of inorganic and organic chemicals, and petroleum and coal products as well as electrical machinery, and Information and communication electronics equipment
On an annual basis, industrial output rose 0.7% in July, contrasting June’s 3.8% decline. The annual average variation in industrial production fell from minus 0.6% in June to minus 0.8% in July, the lowest reding in nearly three years.
The Survey of Production Forecast showed that manufacturers are more pessimistic. They now expect industrial output to have recorded a 1.3% monthly increase in August, up from the 0.6% increase forecast in the previous month’s survey. Manufacturers, however, expect a 1.6% decrease in September.
FocusEconomics Consensus Forecast panelists see industrial production rising 0.4% in 2019, which is down 0.1 percentage points over the previous month’s projection. For 2020 the panel expects industrial production to expand 0.8%.
Japan - Industry Data
|Industrial Production (annual variation in %)||-0.3||1.9||-1.1||0.0||3.1|
5 years of economic forecasts for more than 30 economic indicators.
Japan Industry Chart
Source: Ministry of Economy, Trade and Industry and FocusEconomics calculations.
|Bond Yield||-0.28||-4.41 %||Sep 04|
|Exchange Rate||106.4||-0.35 %||Sep 04|
|Stock Market||20,649||0.40 %||Sep 04|
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September 12, 2019
Core machinery orders, a leading indicator for capital spending over a three- to six-month period, slipped in July as global trade tensions continue to disrupt investment planning.
September 9, 2019
The downward revision to the GDP figure for Q2 sparked concerns about the future growth trajectory of the country as the economy is grappling with negative spillovers stemming from the China-U.S. trade war and uncertainty regarding the planned sales tax hike in October.
August 30, 2019
Industrial production rose 1.3% on a month-on-month and seasonally-adjusted basis in July, contrasting June’s 3.3% decrease (previously reported: -3.6% month-on-month).
August 29, 2019
Consumer sentiment declined from 37.8 in July to 37.1 in August.
August 23, 2019
The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in July, contrasting June’s 0.1% drop. Core inflation was stable at June’s 0.6% in July.