March 18, 2019

Industrial Production Japan

Industrial output entering a serious downswing.

Published monthly by the Ministry of Economy, Trade, and Industry. Updated until the month of January 2019 (published on March 18th, 2019).

Recent data trend:

Industrial output in Japan continued to slide for the third month in a row, shrinking by 3.4% month on month (MoM) in January. The cumulative shrinkage since November is now 4.5% points, making the current downswing the largest since 2012 when the euro-crisis threatened the global economy. The Ministry of Economy, Trade and Industry (METI), the ministry responsible for the statistics predicts the industrial output to manage to expand by 0.4% MoM in February, but the negative tone of recent dat...

To read more, please become a our Standard / Corporate subscriber.

Start a subscription with 30-days Free Trial

If you are already a JMA subscriber please

Brief overview of “Industrial production”

Industrial production is one of the key indicators to measure the performance of the Japanese economy. It also deserves special attention as it has a high correlation to the Japanese stock market. Its monthly report contains other statistics such as inventory, inventory to shipment ratio as well as a survey result for manufacturers’ production plans for the subsequent 2 months.

For more information, visit the official government page

Quarterly Industrial Production and GDP


Source: METI, JMA

The Next Release Date:    March 29th, 2019 (Preliminary February data)

                                                April 17th, 2019 (Final February data)













Suggested Pages

Japan Corporate Profits

The profitability of Japan Inc. continued to deteriorate in the last quarter of 2018. According to the quarterly Corporate Statistics, operating profits of Japanese companies fell by 6.7% quarter on

View Page

Japan Gross Domestic Product

The revised estimate for the April-June quarter GDP published on September 10 shows that the Japanese economy grew by 0.7% quarter on quarter (QoQ), up from 0.5% QoQ in the initial estimate. A signif

View Page

Japan Machinery Orders

Core machinery orders, a leading indicator of domestic capital expenditure activity in Japan, expanded by 7.6% month on month in October. While the expansion is welcome, its strength was insufficient

View Page

Consumption Activity Index

Real consumption activity grew by 0.2% month on month (MoM) in January 2019.The rate of growth was rather unremarkable, but the news was a positive surprise, given the 2.3% MoM drop in retail sales i

View Page