Industry in Japan
Japan - Industry
Industrial production falls in May
Industrial production contracted 0.2% on a month-on-month and seasonally-adjusted basis in May, contrasting April’s revised 0.5% increase (previously reported: +0.3% month-on-month). May’s decline was smaller, however, than market expectations of a 1.1% drop.
The categories that drove the month-on-month contraction were transport equipment, iron and steel, and electrical machinery. Weaker output was partially offset by gains in the manufacture of electronic parts and devices, general-purpose production and business oriented machinery, and information and communication electronics equipment.
On an annual basis, industrial output grew 4.2% in May, accelerating from the revised 2.6% expansion registered in April (previously reported: +2.5% year-on-year). Annual average growth in industrial production ticked down to a nine-month low of 3.7% in May from 3.8% in April.
The Survey of Production Forecast showed that manufacturers were slightly more optimistic in June. They expected industrial production to have expanded 0.4% in the month, contrasting the 0.8% decrease forecast in the previous survey. Moreover, manufacturers expect industrial output to increase 0.8% in July.
FocusEconomics Consensus Forecast panelists see industrial production rising 2.1% in 2018, which is down 0.2 percentage points last month’s projection. For 2019 the panel expects industrial production to expand 2.4%.
Japan - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -0.8 | 2.1 | -1.2 | -0.2 | 4.4 |
Japan Industry Chart
Source: Ministry of Economy, Trade and Industry and FocusEconomics calculations.
Japan Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.10 | -4.41 % | Aug 15 |
| Exchange Rate | 110.8 | -0.35 % | Aug 15 |
| Stock Market | 22,204 | 0.40 % | Aug 15 |
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