Industrial production in Japan dropped by 1.0 percent month-over-month in November 2019, compared with the preliminary reading of a 0.9 percent fall and after a 4.5 percent decline in the previous month. Output was mainly dragged by production machinery (-8.7% vs -6.4% in October); information and communication electronics equipment (-4.9% vs -0.1%); fabricated metals (-2.7% vs -1.5%); electrical machinery (-2.5% vs -5.5%); and iron & steel (-2.5% vs -0.8%). In contrast, production grew for transport equipment (4.1% vs -7.8%); non-ferrous metals (1.2% vs -4.2%); and electronic parts & devices (0.1% vs 0.9%). On an annual basis, industrial output shrank 8.2 percent in November, after a 7.7 percent fall in October.
Industrial Production Mom in Japan averaged 0.39 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. 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. source: Ministry of Economy Trade & Industry (METI)
Industrial Production Mom in Japan is expected to be -0.30 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 2020, according to our econometric models.