Japan's industrial production rose by 1.0 percent from the previous month in August 2020, compared with a preliminary estimate of a 1.7 percent advance and 8.7 percent growth in the prior month, signaling a slowdown in economic recovery. The largest contributors to the growth were motor vehicles (8.9 percent vs 38.4 percent in August), iron, steel, and non-ferrous metals (6.5 percent vs 11.3 percent), and electronic parts and devices (3.9 percent vs 4.6 percent). On a yearly basis, industrial production declined 13.8 percent in August, after a 15.5 percent plunge in July.
Industrial Production Mom in Japan averaged 0.38 percent from 1953 until 2020, reaching an all time high of 8.70 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 October of 2020. 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 1.40 in 12 months time. In the long-term, the Japan Industrial Production MoM is projected to trend around 1.10 percent in 2021 and 0.10 percent in 2022, according to our econometric models.