Industry in Japan
Japan - Industry
Industrial production sharply rebounds in October, recovering from natural disaster disruptions
Industrial production shot up 2.9% on a month-on-month and seasonally-adjusted basis in October, contrasting September’s revised 0.4% decline (previously reported: -1.1% month-on-month)—which came on the back of a wave of natural disasters that hit the country in the month. The print vastly exceeded the 1.2% rise expected by market analysts, and marked the best monthly performance since January 2015, though it was mostly due to a particularly low base effect.
The categories that drove the month-on-month increase were general-purpose and business-oriented machinery; electronic parts and devices; and motor vehicles. Higher output for these categories was partially offset by decreases in production machinery and petroleum and coal products.
On an annual basis, industrial output rose 4.2% in October, contrasting the 2.5% fall logged in September. Annual average growth in industrial production was stable at September’s 1.5% in October, the lowest level registered since April 2017.
Japan Industrial Production Forecast
FocusEconomics Consensus Forecast panelists see industrial production rising 2.0% in 2019, which is down 0.3 percentage points over the previous month’s projection. For 2020 the panel expects industrial production to expand 1.3%.
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||0.08||-4.41 %||Nov 29|
|Exchange Rate||113.5||-0.35 %||Nov 29|
|Stock Market||22,263||0.40 %||Nov 29|
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Japan: Industrial production sharply rebounds in October, recovering from natural disaster disruptions
November 30, 2018
Industrial production shot up 2.9% on a month-on-month and seasonally-adjusted basis in October, contrasting September’s revised 0.4% decline (previously reported: -1.1% month-on-month)—which came on the back of a wave of natural disasters that hit the country in the month.
November 30, 2018
Consumer sentiment decreased from 43.0 in October to 42.9 in November, marking the lowest reading since December 2016.
November 23, 2018
The Nikkei flash manufacturing Purchasing Managers’ Index (PMI) fell from October’s six-month high reading of 52.9 to 51.8.
November 22, 2018
The core consumer price index rose 0.2% in month-on-month seasonally-adjusted terms in October, above September’s 0.1% increase. Core inflation was stable at September’s 1.0% in October, matching a median market forecast.
November 19, 2018
Nominal yen-denominated merchandise exports rose 8.2% year-on-year in October, contrasting the 1.3% decrease in September.