Norway: Industrial output deteriorates in July
Industrial output dropped 3.8% in month-on-month seasonally adjusted terms in July, which contrasted June’s 7.7% increase. July’s result marked the...
Industrial Production in Japan
Japan's economy recorded an average industrial production growth rate of -0.4% in the decade to 2022, below the 0.7% average for Major Economies. In 2022, Japan's industrial production growth was -0.2%. 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 2023.
Source: Macrobond.
Japan Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -2.7 | -10.4 | 5.4 | -0.2 | -1.3 |
Industrial output bounces back in May
Industrial production grew 3.6% month on month in seasonally adjusted terms in May (April: -0.9% mom). The notable turnaround was primarily driven by rebounds in manufacturing and mining production. On an annual basis, industrial output increased 1.1% in May, contrasting April’s 1.8% fall and marking the best result in a year. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 2.2%, down from April's minus 2.0%.
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 18 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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