Japon Production Industrielle (Mensuel)

Industrial production in Japan declined by 3.3% month-over-month in August 2024, in line with preliminary data. This marked the fifth time of decrease so far this year, following a 3.1% growth in the previous month, mainly attributed to lower output of motor vehicles (-10.7% vs 1.9% in July), electrical machinery, and information and communication electronics equipment (-6.2% vs 7.5%), and production machinery (-4.6% vs 7.0%). Yearly, industrial production contracted 4.9%, reversing a 2.9% increase in July and pointing to the sixth time of decline year to date.