Japan Industry

Japan

Japan: Industrial production expands at fastest pace in 18 months

January 31, 2013

In December, industrial production rose 2.5% over the previous month in seasonally adjusted terms. The reading, which marked the strongest increase since June 2011, contrasted the 1.4% contraction observed in November but fell short of the 4.1% expansion expected by the market.

According to the Ministry of Economy, Trade and Industry, the sectors that contributed the most to the monthly rise were transport equipment, general machinery as well as electrical machinery. Despite weaker-than-expected growth, the government upgraded its assessment on Japan's industrial production, stating that "output shows signs of having bottomed out."

On an annual basis, industrial production declined 7.8% in December, following the 5.5% decrease witnessed in November. In the full year 2012, industrial production declined 0.3% over the same period the previous year. The annual fall, nevertheless, represented an improvement over the 2.4% contraction tallied in 2011.

The Survey of Production Forecast showed that manufacturers are becoming more optimistic and now see industrial output rising 2.6% month-on-month in January, which is above the 2.4% increase expected in the previous month's survey. Moreover, manufacturers forecast a 2.3% rise in February.


Author:,

Sample Report

Looking for forecasts related to Industry in Japan? Download a sample report now.

Download

Japan Industry Chart


Japan Industry December 2012

Note: Month-on-month changes of seasonally adjusted industrial production and year-on-year growth rate in %.
Source: Ministry of Economy, Trade and Industry (METI) and FocusEconomics calculations.


Japan Economic News

  • Japan: Core inflation inches up in June

    July 20, 2018

    The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in June, up from May’s flat reading. Core inflation was up a notch to 0.8% in June from 0.7% in May, which was in line with market expectations.

    Read more

  • Japan: Machinery orders decline in May

    July 11, 2018

    Although core machinery orders—a leading indicator of capital spending over a three- to six-month period—contracted in May, the fall was weaker-than-expected, suggesting that capital expenditure will gain steam further down the road.

    Read more

  • Japan: Business confidence weakens in Q2

    July 2, 2018

    According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers fell in the second quarter of 2018, suggesting economic momentum has yet to gain traction following a weak first quarter.

    Read more

  • Japan: Consumer confidence declines marginally in June

    June 29, 2018

    Consumer sentiment inched down to 43.7 in June from 43.8 in May, coming in just below market expectations of a stable print.

    Read more

  • Japan: Industrial production falls in May

    June 29, 2018

    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).

    Read more

More news

Search form