Industrial production in Japan rose by 0.8 percent month-over-month in January 2020, easily beating market consensus of a 0.2 percent gain and after a 1.2 percent increase in a month earlier, a preliminary reading showed. Output grew further for transport equipment (6.6% vs -4% in December), motor vehicles (5.5% vs -4.3%) and chemicals (0.2% vs 0.8%). In contrast, production fell for general-purpose machinery (-5.2% vs), production machinery (-3.4% vs 16.2%), general-purpose and business oriented machinery (-2.8% vs 6.4%) and electrical machinery (-2.4% vs -2.6%). On an annual basis, industrial output shrank 2.5 percent in January, following a 3.1 percent drop in December.
Industrial Production Mom in Japan averaged 0.39 percent from 1953 until 2020, reaching an all time high of 6.80 percent in May of 2011 and a record low of -16.50 percent in March of 2011. This page provides the latest reported value for - Japan Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Ministry of Economy Trade & Industry (METI)
Industrial Production Mom in Japan is expected to be -0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production Mom in Japan to stand at 0.10 in 12 months time. In the long-term, the Japan Industrial Production MoM is projected to trend around 0.10 percent in 2021, according to our econometric models.