Industry in Japan
Japan - Industry
Industrial production rebounds in August
Industrial production expanded 0.7% on a month-on-month and seasonally-adjusted basis in August, contrasting July’s 0.2% decrease. The print represented the largest expansion in five months but was shy of the increase of 1.4% that market analysts had expected.
The categories that drove the month-on-month expansion were transport equipment, general-purpose, production and business oriented machinery and plastic products. Stronger output for these categories was partially offset by declines in electronic parts and devices, chemicals (excluding drugs), and fabricated metals.
On an annual basis, industrial output rose 0.6% in August, following the 2.2% increase registered in July. Annual average growth in industrial production ticked down from 3.0% in July to an over one-year low of 2.6% in August.
FocusEconomics Consensus Forecast panelists see industrial production rising 1.9% in 2018, which is up 0.1 percentage points last month’s projection. For 2019 the panel expects industrial production to expand 2.2%.
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||0.15||-4.41 %||Oct 18|
|Exchange Rate||112.2||-0.35 %||Oct 18|
|Stock Market||22,658||0.40 %||Oct 18|
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October 19, 2018
The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in September, below August’s 0.3% increase. Core inflation inched up from 0.9% in August to 1.0% in September, exceeding market expectations of a 0.9% rise.
October 18, 2018
Nominal yen-denominated merchandise exports fell 1.2% annually in September, contrasting the 6.6% increase logged in August and missing market expectations of a 2.1% increase.
October 10, 2018
Core machinery orders, a leading indicator for capital spending over a three- to six-month period, expanded for the second consecutive month in August, suggesting that capital expenditure will boost overall economic growth further down the road.
October 2, 2018
The Nikkei flash manufacturing Purchasing Managers’ Index (PMI) came in at 52.5 in September, unchanged from August’s print.
October 2, 2018
Consumer sentiment increased from 43.3 in August to 43.4 in September.