Latest reading: Industrial production increased 0.2% in annual terms in August, following a 2.6% rise in the prior month. Relative...
Industrial Production in Japan
The Japanese economy recorded an average industrial production growth rate of -0.7% in the decade to 2024. In 2024, industrial production growth was -2.6%. For more industry information, visit our dedicated page.
Japan Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Japan from 2025 to 2024.
Source: Macrobond.
Japan Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -10.4 | 5.4 | -0.2 | -1.3 | -2.6 |
Industrial production contracts again in August
Latest reading: Industrial production was down 1.5% on a seasonally adjusted month-on-month basis in August, after declining 1.2% in the previous month. August’s decline was the sharpest since November 2024. Relative to the prior month's data, readings in August worsened for manufacturing (-0.9% in month-on-month terms vs -1.0% in July) and mining (+1.6% vs +3.2% in July). The main subsectors driving the decline were electrical machinery, ICT equipment, fabricated metals and inorganic and organic chemicals. In annual terms, industrial production fell 1.6% in August, following a 0.4% decline in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Japanese industry projections for the next ten years from a panel of 14 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Japanese industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Japanese industry projections.
Want to get access to the full dataset of Japanese industry forecasts? Send an email to info@focus-economics.com.
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