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Indices of Industrial Production

Preliminary Report for September, 2011

Statistics Report

[Highlights]

Preliminary Report for September, 2011
(published at 8:50a.m., October 28, 2011)

Indices of Industrial Production

Industrial Production appears to be flat.

  • Production, Shipments decreased, Inventories flat, Inventory Ratio increased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in October and  in November.
  • Industrial Production appears to be flat.
.
2005 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change from the previous month(%) Indices Percent change from the previous year (%)
Production 89.9 -4.0 97.7 -4.0
Shipments 92.1 -2.6 101.5 -3.6
Inventories 102.8 0.0 100.6 5.6
Inventory Ratio 119.6 4.2 107.5 9.6
1. Changes in Production

(1)Industrial Production

Industrial Production in September decreased 4.0% from the previous month, showing a decrease for the first time in six months.  It showed a decrease of 4.0% from the previous year. The index in September was 89.9(seasonally adjusted).

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

Commodities that mainly contributed to the decrease are as follows: 1.Large passenger cars, 2.Semiconductor products machinery, 3.Cellular telephone, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 2.3% in October and 1.8% in November.

Survey of Production Forecast

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

2005 average=100
  September,
2011
October,
2011
November,
 2011
Survey in September, 2011 -2.5 3.8  
Survey in October, 2011   2.3 1.8

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

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

The Realization Ratio*2 in September was -1.1%. The Amendment Ratio*3 in October was -2.6%.

*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 September decreased 2.6% from the previous month, showing a decrease for the first time in five months.  It showed a decrease of 3.6% from the previous year. The index in September was 92.1(seasonally adjusted).

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

3.Changes in Inventories

Inventories in September flat 0.0% from the previous month. It showed an increase of 5.6% from the previous year. The index in September was 102.8(seasonally adjusted).

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

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

Inventory Ratio in September increased 4.2% from the previous month, showing an increase for the first time in two months. It showed an increase of 9.6% from the previous year. The index in September was 119.6(seasonally adjusted).

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