Indices of Industrial Production

Preliminary report for May, 2011

Statistics report

[Highlights]

Preliminary Report for May, 2011
(published at 8:50a.m., June 29, 2010)

Indices of Industrial Production

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2005 average=100

	Seasonally Adjusted Index		Original Index
	Indices	Percent change from the previous month(%)	Indices	Percent change from the previous year (%)
Production	88.8	5.7	82.4	-5.9
Shipments	87.2	5.3	79.6	-8.0
Inventory	103.2	5.1	102.1	7.1
Inventory Ratio	118.7	-4.9	126.6	10.4

1. Changes in Production

(1)Industrial Production

Industrial Production in May increased 5.7% from the previous month, showing an increase for the second consecutive month. It showed a decrease of 5.9% from the previous year. The index in May was 88.8(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.Transport equipment, 2.General machinery, 3.Chemicals (excl. Drugs), in that order.

Commodities that mainly contributed to the increase are as follows: 1.Large passenger cars, 2.Small passenger cars, 3.Large trucks, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 5.3% in June and increase 0.5% in July.

Survey of Production Forecast

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

2005 average=100

	May, 2011	June, 2011	July,  2011
Survey in May, 2011	8.0	7.7
Survey in June, 2011		5.3	0.5

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

Industries that mainly contributed to the increase in July are as follows: 1.Transport equipment, 2.Information and communication electronics equipment, 3.General machinery, in that order.

The Realization Ratio^*2 in May was 0.6%. The Amendment Ratio^*3 in June was -1.7%.

*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 May increased 5.3% from the previous month, showing an increase for the first time in third months. It showed a decrease of 8.0% from the previous year. The index in May was 87.2(seasonally adjusted).

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

3.Changes in Inventory

Inventory in May increased 5.1% from the previous month, showing a increase for the second consecutive months. It showed an increase of 7.1% from the previous year. The index in May was 103.2(seasonally adjusted).

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

Inventory Ratio in May decreased 4.9% from the previous month, showing an decrease for the first time in third months. It showed an increase of 10.4% from the previous year. The index in May was 118.7(seasonally adjusted).

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