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
Japan Industry Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | 0.6 | -2.7 | -10.4 | 5.4 | -0.2 |
Industrial output expands at quickest pace in six months in December
Industrial production rose 1.4% month-on-month in seasonally adjusted terms in December (November: -0.9% mom). December's figure marked the best reading since June. Looking at the details of the release, manufacturing production bounced back in December, while mining output swung to contraction. On an annual basis, industrial production decreased 1.0% in December, which was better than November’s 1.4% fall. Accordingly, the trend improved slightly, with the annual average variation of industrial production coming in at minus 1.1% in December, up from November's minus 1.2% reading.
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 15 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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