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Indices of Industrial Production

Preliminary Report for October, 2011

Statistics Report

[Highlights]

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

Indices of Industrial Production

Industrial Production appears to be flat.

  • Production, Shipments, Inventories increased, Inventory Ratio decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease in November and increase in December.
  • 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 92.7 2.4 95.6 0.4
Shipments 93.3 0.6 94.9 0.1
Inventories 103.5 0.8 104.9 6.9
Inventory Ratio 117.9 -1.1 115.3 0.8
1. Changes in Production

(1)Industrial Production

Industrial Production in October increased 2.4% from the previous month, showing an increase for the first time in second months.  It showed an increase of 0.4% from the previous year. The index in October was 92.7(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.Drive, transmission and Control parts, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease 0.1% in November and increase 2.7% in December.

Survey of Production Forecast

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

2005 average=100
  October,
2011
November,
2011
December,
 2011
Survey in October, 2011 2.3 1.8  
Survey in November, 2011   -0.1 2.7

Industries that mainly contributed to the decrease in November are as follows: 1.Information and communication electronics equipment, 2.Iron and steel.

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

The Realization Ratio*2 in October was -0.6%. The Amendment Ratio*3 in November was -2.4%.

*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 October increased 0.6% from the previous month, showing an increase for the first time in second months. It showed an increase of 0.1% from the previous year. The index in October was 93.3(seasonally adjusted).

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

3.Changes in Inventories

Inventories in October increased 0.8% from the previous month, showing an increase for the first time in second months. It showed an increase of 6.9% from the previous year. The index in October was 103.5(seasonally adjusted).

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

Inventory Ratio in October decreased 1.1% from the previous month, showing a decrease for the first time in second months. It showed an increase of 0.8% from the previous year. The index in October was 117.9(seasonally adjusted).

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Last Update: November 30 2011
Ministry of Economy, Trade and Industry
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