Industrial production in Japan rose by 1.3 percent month-over-month in July 2019, rebounding from a 3.3 percent fall in June, boosted by production of motor vehicles (2.1 percent vs -8.4 percent), chemicals excluding inorganic, organic chemicals, and medicine (4.7 percent vs -3.8 percent) and pulp, paper and paper products (7.5 percent vs -4 percent). In contrast, output fell for inorganic and organic chemicals (-3.9 percent vs 3.2 percent), petroleum and coal products (-3.8 percent vs 4.5 percent) and electrical machinery, and information and communication electronics equipment (-0.1 percent vs -4.8 percent). On a yearly basis, industrial production rose 0.7 percent in July, the first month of increase since January. Industrial Production Mom in Japan averaged 0.40 percent from 1953 until 2019, 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.
Industrial Production Mom in Japan is expected to be 0.10 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 0.50 in 12 months time. In the long-term, the Japan Industrial Production MoM is projected to trend around 0.10 percent in 2020, according to our econometric models.