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
| 2012 | 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 0.2 | -0.6 | 2.1 | -1.2 | -0.2 |
Japan Industry Chart
Source: Ministry of Economy, Trade and Industry and FocusEconomics calculations.
Japan Facts
| Value | Change | Date | |
|---|---|---|---|
| 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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