Japan Industrial Production Decreased by 0.1% in MoM in February 2024

29 March 2024

Industrial production in Japan edged down 0.1% month-over-month in February 2024, missing the market consensus of a 1.4% growth, flash data showed. The latest result followed a 6.7% plunge a month earlier which was the steepest decrease since May 2020, mainly weighed by weak output related to motor vehicles (-7.9% vs -15.9% in January), production machinery (-3.2% vs -6.1%), and transport equipment, excluding motor vehicles (-8.3% vs -1.6%). Yearly, industrial output fell by 3.4% in February, the fourth straight month of contraction and the strongest pace in the sequence.

Source: Trading Economics
Post by: Republic of Türkiye Ministry of Trade