July 6, 2020

Japan’s industrial production decreased 3.7% in March

Japan’s industrial production decreased by 3.7% in March compared to the previous month, according to data published by the government on Thursday.

Compared to March 2019, the indicator experienced a decrease of 5.2%, according to the report by the Japanese Ministry of Economy, Commerce and Industry, in which it indicated that “industrial production is deteriorating.”

The industries that contributed the most to the fall of the indicator in the third month of 2020 were motor vehicle production, machinery production and chemistry.

On the contrary, the ones that experienced the most significant increases were that of transport equipment and the paper mill.

According to data from a survey carried out by the aforementioned ministry with national companies, Japanese industrial production is expected to increase 1.4% in April (compared to the 6.8% estimated in the previous month), but decrease another 1, 4% in May.

Industrial production measures the rhythm of Japanese factories and is considered key to anticipate the progress of the Asian country’s economy, highly dependent on the manufacturing sector.


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