Indices of Industrial Production

Preliminary report for August, 2011

Statistics report

[Highlights]

Preliminary Report for August, 2011
(published at 8:50a.m., September 30, 2011)

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	93.7	0.8	90.6	0.6
Shipments	94.7	0.3	91.0	0.3
Inventories	102.8	2.1	103.6	5.8
Inventory Ratio	114.6	-1.5	118.7	6.1

1. Changes in Production

(1)Industrial Production

Industrial Production in August increased 0.8% from the previous month, showing an increase for the fifth consecutive month. It showed an increase of 0.6% from the previous year. The index in August was 93.7(seasonally adjusted).

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

Commodities that mainly contributed to the increase are as follows: 1.Large passenger cars, 2.Separate type air conditioners, 3.Drive, transmission and Control parts, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease 2.5% in September and increase 3.8% in October.

Survey of Production Forecast

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

2005 average=100

	August, 2011	September, 2011	October,  2011
Survey in August, 2011	2.8	-2.4
Survey in September, 2011		-2.5	3.8

Industries that mainly contributed to the decrease in September are as follows: 1.Transport equipment, 2.Chemicals, 3.General machinery, in that order.

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

The Realization Ratio^*2 in August was -1.5%. The Amendment Ratio^*3 in September was -1.6%.

*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 August increased 0.3% from the previous month, showing an increase for the fourth consecutive month. It showed an increase of 0.3% from the previous year. The index in August was 94.7(seasonally adjusted).

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

3.Changes in Inventories

Inventories in August increased 2.1% from the previous month, showing an increase for the first time in third months. It showed an increase of 5.8% from the previous year. The index in August was 102.8(seasonally adjusted).

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

Inventory Ratio in August decreased 1.5% from the previous month, showing a decrease for the first time in second months. It showed an increase of 6.1% from the previous year. The index in August was 114.6(seasonally adjusted).

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