Industrial production in Japan rebounded 2.7 percent month-over-month in June 2020, compared to an 8.9 percent drop in the previous month and beating market expectations of a 1.2 percent increase, preliminary data showed. This ended four straight months of contraction in industrial output as the economy recovers from the COVID-19 shock. The rebound was mainly explained by a 28.9 percent jump in motor vehicles (vs -24.3 percent in May), followed by a 10.2 percent increase in production machinery (vs -11.8 percent). Also, plastic products climbed 6.4 percent after a sharp 11.3 percent contraction. On an annual basis, industrial output tumbled 17.7 percent after a 26.3 percent contraction in May.
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 August 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.