Latest reading: Industrial output expanded 8.9% in year-on-year terms in July (June: +7.2% yoy), marking the fastest growth rate since...
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 2014 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 activity contracts at sharpest pace since November 2024 in July
Latest reading: Industrial output declined 1.6% month-on-month in seasonally adjusted terms in July (June: +2.1% mom). The result marked the worst reading since November 2024. Looking at the details of the release, output dropped sharply in motor vehicles, production machinery, and general-purpose as well as business-oriented machinery. On an annual basis, industrial production dropped 0.9% in July, contrasting June’s 4.4% expansion. Accordingly, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.7%, down from June's minus 0.4% reading.
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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