Industrial production in Japan declined by 8.4 percent month-over-month in May 2020, compared with market consensus of a 5.6 percent drop, and after a 9.8 percent plunge a month earlier, a preliminary reading showed. This was the fourth straight month of fall in industrial output as businesses stopped their operations due to the ongoing COVID-19 outbreak. The largest contributors to the decrease were motor vehicles (-23.2 percent vs -36.6 percent in April), production machinery (-12 percent vs 4.1 percent), and iron, steel, and non-ferrous metals (-13.8 percent vs -15 percent). On an annual basis, industrial output plunged 25.9 percent in May, the most since September of 2009, after a 15 percent fall in April.
Industrial Production Mom in Japan averaged 0.37 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. Japan Industrial Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Ministry of Economy Trade & Industry (METI)
Industrial Production Mom in Japan is expected to be 0.50 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.