Industry in Japan
Japan - Industry
Industrial production declines in July
Industrial production fell 0.8% in July compared to the previous month in seasonally-adjusted terms, contrasting June’s 2.2% increase. July’s print undershot the 0.3% decline that market analysts had expected.
According to the Ministry of Economy, Trade and Industry, July’s decline in industrial production was driven by general-purpose, production and business oriented machinery, electrical machinery, chemicals (excluding drugs), in that order.
On an annual basis, industrial output rose 4.7% in July, coming in below June’s 5.5% increase. Annual average growth in industrial production ticked up from 3.0% in June to 3.8% in July, which represented the highest reading since Septembe 2014.
The Survey of Production Forecast showed that manufacturers are becoming more optimistic. They now expect industrial output to have recorded a 6.0% monthly increase in August, above the 3.6% rise forecast in the previous month’s survey. Manufacturers, expect a 3.1% contraction in September.
FocusEconomics Consensus Forecast panelists see industrial production rising 3.6% in 2017, which is up 0.1 percentage points over the previous month’s projection. For 2018, the panel expects industrial production to expand 1.8%.
Japan - Industry Data
|Industrial Production (annual variation in %)||0.2||-0.6||2.1||-1.2||-0.2|
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||0.06||-3.08 %||Oct 16|
|Exchange Rate||112.2||0.30 %||Oct 16|
|Stock Market||21,256||0.47 %||Oct 16|
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