Industrial production in Japan unexpectedly rose by 2.2 percent month-over-month in March 2021, easily beating market estimates of a 2 percent fall and after a final 1.3 percent fall a month earlier. Industries that mainly contributed to the rise were motor vehicles (7.5 percent vs -5.8 percent in February), inorganic and organic chemicals (6.5 percent vs -0.7 percent), and plastic products (2.7 percent vs -1 percent). On a yearly basis, industrial output grew by 4 percent in March, reversing from a 2 percent fall in February. source: Ministry of Economy Trade & Industry (METI)
Industrial Production Mom in Japan averaged 0.39 percent from 1953 until 2021, reaching an all time high of 6.90 percent in July of 2020 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 May of 2021.
Industrial Production Mom in Japan is expected to be 2.90 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 1.10 in 12 months time. In the long-term, the Japan Industrial Production MoM is projected to trend around 1.10 percent in 2022 and 0.10 percent in 2023, according to our econometric models.