Japan Industrial Production MoM

Japan’s industrial production rose 0.5% month-over-month in April 2026, below flash data of 0.8% but reversing from a 0.4% drop in the previous month. It was the first rise since January, amid resilient overseas demand and a recovery in domestic manufacturing activity, although escalating Middle East tensions continued to pose risks to supply chains and energy costs. Output grew for general-purpose and business-oriented machinery (4.4% vs -5.3% in March), electrical machinery, and information and communication electronics equipment (2.7% vs 0.9%), and other manufacturing (1.6% vs -1.7%). In contrast, production fell for motor vehicles (-2.4% vs flat reading), inorganic and organic chemicals (-1.8% vs -8.6%), and chemicals excluding inorganic, organic chemicals (-0.3% vs 2.0%). On an annual basis, output increased 2.0%, following a 2.4% rise in March and marking the fifth straight month of expansion.

Japan’s industrial production rose 0.8% mom in April 2026, reversing a 0.4% drop in the prior month and defying market forecasts for a 0.9% decline. It was the first rise since January, amid resilient overseas demand and a recovery in domestic manufacturing activity, although escalating Middle East tensions continued to pose risks to supply chains and energy costs. Industries that mainly contributed to the upturn were general-purpose and business-oriented machinery (5.3% vs -4.3% in March), electrical machinery, and information and communication electronics equipment (3.5% vs 0.9%), and other manufacturing (1.6% vs -1.7%). In contrast, production fell for motor vehicles (-2.4% vs flat reading), inorganic and organic chemicals (-1.8% vs -8.6%), and chemicals excluding inorganic, organic chemicals, and medicine (-1.2% vs 0.1%). On an annual basis, output increased 2.3%, following a 2.4% rise in March and marking the fifth straight month of expansion.

Japan’s industrial production dropped 0.4% mom in March 2026, compared with the flash figure of a 0.5% decline and after a 2.0% fall in the prior month. It was the second straight month of contraction amid disruptions from the Middle East conflict. Lower output was recorded for inorganic and organic chemicals (-8.6% vs -3.5% in February), general-purpose and business-oriented machinery (-4.3% vs -0.3%), and petroleum and coal products (-7.7% vs -4.1%). In contrast, production grew for transport equipment, excluding motor vehicles (13.4% vs -7.3%), production machinery (1.4% vs -1.7%), and electronic parts and devices (1.7% vs -3.5%). On an annual basis, output increased 2.4%, picking up from a 0.4% rise in February and marking the fastest pace since June 2025.