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Indices of Industrial Production

Preliminary report for April, 2011

Statistics report

[Highlights]

Preliminary Report for April, 2011
(published at 8:50a.m., May 31, 2011)

Indices of Industrial Production

Industrial Production appears sluggish

  • Production increased, Shipments decreased, Inventory and Inventory Ratio increased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in May and June.
  • Industrial Production appears sluggish at low level due to the Great East Japan Earthquake. However, it is expected to recover gradually.
.
2005 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change from the previous month(%) Indices Percent change from the previous year (%)
Production 83.5 1.0 78.5 -14.0
Shipments 82.7 -2.7 76.7 -16.2
Inventory 98.2 0.5 94.2 3.3
Inventory Ratio 124.4 14.5 123.5 18.5
1. Changes in Production

(1)Industrial Production

Industrial Production in April increased 1.0% from the previous month, showing an increase for the first time in second months. It showed a decrease of 14.0% from the previous year. The index in April was 83.5(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.General machinery, 2.Other manufacturing, 3.Electrical machinery, in that order.

Commodities that mainly contributed to the increase are as follows: 1.Parts and accessories of steam turbines, 2.Semiconductor products machinery, 3.Analytical instruments, in that order.

(2)Survey of Production Forecast*1 (for May and June)

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 8.0% in May and increase 7.7% in June.

Survey of Production Forecast

(Changes in Planned Production on a month-on-month basis (%))

2005 average=100
  April,
2011
May,
2011
June,
 2011
Survey in April, 2011 3.9 2.7  
Survey in May, 2011   8.0 7.7

Industries that mainly contributed to the increase in May are as follows: 1.Transport equipment, 2. General machinery, 3.Electronic parts and devices, in that order.

Industries that mainly contributed to the increase in June are as follows: 1.Transport equipment, 2.Electronic parts and devices, 3.Information and communication electronics equipment, in that order.

The Realization Ratio*2 in April was -5.4%. The Amendment Ratio*3 in May was -0.6%.

*1:The Survey of Production Forecast is conducted monthly to search the planned production amounts for the current and proceeding months. The survey is one of the useful economic indicators which reflect changing business conditions and provide a view of where the economy is heading in the near future.

*2:The Realization Ratio is defined as the ratio of the real amount of the previous month in the current time's survey to the estimated amount for the current month in the previous time's survey.

*3:The Amendment Ratio is defined as the ratio of estimated amount for the current month in the current time's survey to the estimated amount for the following month in the previous time's survey.

2.Changes in Shipments

Shipments in April decreased 2.7% from the previous month, showing a decrease for the second consecutive months. It showed a decrease of 16.2% from the previous year. The index in April was 82.7(seasonally adjusted).

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

3.Changes in Inventory

Inventory in April increased 0.5% from the previous month, showing an increase for the first time in second months. It showed an increase of 3.3% from the previous year. The index in April was 98.2(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.Transport equipment, 2.Petroleum and coal products, 3.Precision instruments, in that order.

Inventory Ratio in April increased 14.5% from the previous month, showing an increase for the second consecutive months. It showed an increase of 18.5% from the previous year. The index in April was 124.4(seasonally adjusted).

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Last Update: May 31, 2011
Ministry of Economy, Trade and Industry
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