Industrial production in Japan declined by a preliminary 9.1 percent month-on-month in April 2020, the steepest drop in industrial output since March of 2011, due to the COVID-19 outbreak. The largest contributor to the decrease was transport equipment (-33 percent vs -5.1 percent in March). Also, general purpose machinery contracted 9.7 percent. In contrast, production machinery rebounded 2.5 percent after sinking 10 percent in March. On an annual basis, industrial output plunged 14.4 percent in April, the seventh straight month of decline, after a 5.2 percent decline in March
Industrial Production Mom in Japan averaged 0.39 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 June 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.