Industry in Japan

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Japan - Industry

Industrial production rebounds in December

Industrial production increased 1.3% in December on a month-on-month and seasonally-adjusted basis, contrasting November’s 1.0% decrease and surpassing the 0.7% increase expected by market analysts.

The categories that drove the month-on-month expansion were production machinery, general-purpose and business orientated machinery, and electronic parts and devices, in that order. On the other hand, production of motor vehicles and other transport equipment declined.

On an annual basis, industrial production dropped 3.0% in December, after decreasing 8.2% in November. The annual average variation in industrial production was unchanged at minus 2.8% in December.

The Ministry of Economy, Trade and Industry’s survey showed that manufacturers are growing optimistic. Manufacturers project industrial production to increase 3.5% in January, up from their December projection of a 2.5% increase, and they see industrial output rising 4.1% in February.

FocusEconomics Consensus Forecast panelists see industrial production expanding 0.3% in 2020, which is down 0.5 percentage points over the previous month’s projection. For 2021 the panel expects industrial production to increase 1.0%.

Japan - Industry Data

2014   2015   2016   2017   2018  
Industrial Production (annual variation in %)1.9  -1.1  0.0  3.1  1.1  

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Japan Industry Chart

Japan Industry
Note: Annual variation of industrial production in %.
Source: Ministry of Economy, Trade and Industry and FocusEconomics calculations.

Japan Facts

Value Change Date
Bond Yield-0.02-4.41 %Dec 30
Exchange Rate108.7-0.35 %Jan 01

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