Industry in Japan
Japan - Industry
Industrial production contracts again in December
Industrial production declined 0.1% on a month-on-month and seasonally-adjusted basis in December, following November’s 1.0% contraction. Nevertheless, the print was better than the 0.4% drop that market analysts had expected.
The categories that drove the month-on-month fall were production machinery, chemicals (excluding inorganic, organic chemicals, and medicine) as well as electronic parts and devices. Lower output for these categories was partially offset by increases in production of general-purpose and business-oriented machinery, motor vehicles as well as electrical machinery, and information and communication electronics equipment.
On an annual basis, industrial output declined 1.9% in December, contrasting the 1.5% increase in November. Annual average growth in industrial production fell from November’s 1.5% to 1.0% in December.
The Survey of Production Forecast showed that manufacturers are becoming slightly more optimistic. They now expect industrial output to have recorded a 0.1% monthly decrease in January, up from the 0.8% fall forecast in the previous month’s survey. Manufacturers expect a 2.6% expansion in February.
Japan Industrial Production Forecast
FocusEconomics Consensus Forecast panelists see industrial production rising 1.6% in 2019, which is down 0.1 percentage points over the previous month’s projection. For 2020 the panel expects industrial production to expand 0.9%.
Japan - Industry Data
|Industrial Production (annual variation in %)||-0.8||2.1||-1.2||-0.2||4.4|
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||-0.01||-4.41 %||Feb 14|
|Exchange Rate||110.5||-0.35 %||Feb 14|
|Stock Market||21,140||0.40 %||Feb 14|
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February 14, 2019
The economy rebounded in the last quarter of 2018, after a series of natural disasters and weak investment caused a contraction in the third quarter.
January 31, 2019
Industrial production declined 0.1% on a month-on-month and seasonally-adjusted basis in December, following November’s 1.0% contraction.
January 30, 2019
Consumer sentiment fell from 42.7 in December to 41.9 in January, marking the lowest reading since December 2016.
January 24, 2019
The Nikkei flash manufacturing Purchasing Managers’ Index (PMI) fell sharply from December’s revised 52.6 (previously reported: 52.4) to 50.0 in January, the lowest print since October 2016.
January 23, 2019
Nominal yen-denominated merchandise exports fell 3.8% year-on-year in December, contrasting the 0.1% increase in November.