Japan and South Korea Industrial Production Numbers Fall

September 28th, 2012
in econ_news, syndication

Econintersect:  The slowdown in China is affecting its neighbors.  Both South breaking-news-130pxKorea and Japan saw Industrial Production declines in August from July.  Japan had a month-over-month decline of 1.3% while South Korea slipped by 0.7%.  This was the second negative month-over-month reading for Japan in a row and the dourth negatuve print in the last five months.

The South Korean decline was at least partky attributed to a strike by workers at auto maker Hyundai.

Follow up:

Observers believe that Japan will not be able to avoid a GDP contraction from this slowdown.  From Bloomberg:

“I’m convinced we’ll see a contraction in Japan’s GDP this quarter because consumption, exports and private investment are falling,” said Masamichi Adachi, a senior economist at JPMorgan Securities in Tokyo and a former central bank official. “Prices in Japan are falling because the economy is weak.”

The following statements were released by Japan Ministry of Economy, Trade and Industry:

Industrial Production in August decreased 1.3% from the previous month, showing a decrease for the second consecutive month. It showed a decrease of 4.3% from the previous year. The index in August was 90.5(seasonally adjusted).

Industries that mainly contributed to the decrease are as follows: 1.Electronic parts and devices, 2.Information and communication electronics equipment, 3.Chemicals (excl. Drugs), in that order.

Commodities that mainly contributed to the decrease are as follows: 1.Metal oxide semiconductor ICs (Memory), 2.Large passenger cars, 3.Active matrix LCDs(Liquid Crystal Devices) Middle and small, in that order.

According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease 2.9% in September and to be flat in October.

John Lounsbury


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.

 navigate econintersect.com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved