[Japan's Industrial Output Rises 0.5% in May 2026]

Published: Jul 1, 2026 10:15

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Japan's industrial production increased by 0.5% month-on-month in May 2026, although it registered a 1.7% decrease compared to May 2025. The seasonally adjusted iron and steel production index grew by 1.1% from April, reflecting a 0.4% year-on-year increase, while steel shipments rose by 2% and inventories fell by 0.2% month-on-month. Looking ahead, overall industrial production is forecast to grow by 3.7% in June and remain stable in July, whereas iron and steel production is expected to slightly contract by 0.6% in June and 1.6% in July. The contrast between broader industrial growth and the anticipated near-term contraction in steel output suggests steelmakers are actively managing supply to prevent inventory build-ups during the summer months.

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