Japan’s seasonally adjusted industrial production index rose 2.2% in September 2026 from August. The unadjusted index was up 1.9% year on year, according to preliminary data from the Ministry of Economy, Trade and Industry (METI).
In the steel industry, the seasonally adjusted production index fell 2.8% month on month and 1.6% year on year. Shipments of iron and steel products declined 9.7% from August, while inventories increased 4.6%.
METI’s forecast puts overall industrial production up 5.1% in October and 0.8% in November, month on month. Steel production is expected to fall 1.5% in October before rising 6.3% in November.
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