Japan Industrial Output Drops Slightly More than Anticipated

2026-01-19 04:40 By Farida Husna 1 min. read

Japan’s industrial production fell 2.7% month-over-month in November 2025, slightly deeper than the flash estimate of a 2.6% decline and reversing a 1.5% growth in the previous month.

It was the first decline since August and the sharpest drop since January 2024, reflecting weaker external demand at year-end and ongoing inventory adjustments.

The largest drags came from electrical machinery and information and communication electronics equipment (–10.1% vs 7.4% in October), motor vehicles (–6.6% vs 6.7%), and fabricated metals (–6.5% vs 1.6%).

On an annual basis, output contracted 2.2%, swinging from October’s 1.6% growth and marking the first decline in three months as well as the steepest fall since May.



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