Industrial production in Japan dropped by 1.5 percent month-over-month in July 2021, unrevised from the preliminary figure and after a final 6.5 percent rise. The decline reflected rising Delta strain of COVID-19 cases across the country that forced the government to extend a state of emergency and expand curbs to more prefectures. Industries that mainly contributed to the decrease were motor vehicles (-3.3 percent vs 22.6 percent in June), electrical machinery, and information and communication electronics equipment (-3.8 percent vs 2.6 percent), and inorganic and organic chemicals (-3.9 percent vs flat reading). On a yearly basis, industrial output increased by 11.6 percent in July, after jumping 23.0 percent in June. 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 September of 2021.
Industrial Production Mom in Japan is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.