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Indices of Industrial Production

Preliminary report for July, 2011

Statistics report

[Highlights]

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

Indices of Industrial Production

Industrial Production is on a recovery trend

  • Production, Shipments, Inventory Ratio increased, Inventories decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in August and decrease in September.
  • Industrial Production is on a recovery trend after the Great East Japan Earthquake.
.
2005 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change from the previous month(%) Indices Percent change from the previous year (%)
Production 93.2 0.6 95.6 -2.8
Shipments 94.5 0.2 96.3 -2.9
Inventories 100.6 -0.2 100.8 4.0
Inventory Ratio 116.3 3.9 112.2 6.7
1. Changes in Production

(1)Industrial Production

Industrial Production in July increased 0.6% from the previous month, showing an increase for the fourth consecutive month. It showed a decrease of 2.8% from the previous year. The index in July was 93.2(seasonally adjusted).

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

Commodities that mainly contributed to the increase are as follows: 1.Small passenger cars, 2.Cellular telephone, 3.Drive, transmission and Control parts, in that order.

(2)Survey of Production Forecast*1 (for August and September)

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 2.8% in August and decrease 2.4% in September.

Survey of Production Forecast

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

2005 average=100
  July,
2011
August,
2011
September,
 2011
Survey in July, 2011 2.2 2.0  
Survey in August, 2011   2.8 -2.4

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

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

The Realization Ratio*2 in July was -2.2%. The Amendment Ratio*3 in August was -1.5%.

*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 July increased 0.2% from the previous month, showing an increase for the third consecutive month. It showed a decrease of 2.9% from the previous year. The index in July was 94.5(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.Information and communication electronics equipment, 2.Precision instruments, 3.Ceramics, stone and clay products, in that order.

3.Changes in Inventories

Inventories in July decreased 0.2% from the previous month, showing a decrease for the second consecutive month. It showed an increase of 4.0% from the previous year. The index in July was 100.6(seasonally adjusted).

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

Inventory Ratio in July increased 3.9% from the previous month, showing an increase for the first time in three months. It showed an increase of 6.7% from the previous year. The index in July was 116.3(seasonally adjusted).

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Last Update: September 14 2011
Ministry of Economy, Trade and Industry
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