Indices of Industrial Production

Preliminary report for November, 2011

Statistics report

[Highlights]

Preliminary Report for November, 2011
(published at 8:50a.m., December 28, 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	90.1	-2.6	94.2	-4.0
Shipments	91.5	-1.5	94.7	-4.5
Inventories	102.8	-0.8	106.8	8.0
Inventory Ratio	116.1	-1.7	116.0	7.5

1. Changes in Production

(1)Industrial Production

Industrial Production in November decreased 2.6% from the previous month, showing a decrease for the first time in second months. It showed a decrease of 4.0% from the previous year. The index in November was 90.1(seasonally adjusted).

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

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

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 4.8% in December and to increase 3.4% in January.

Survey of Production Forecast

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

2005 average=100

	November, 2011	December, 2011	January,  2012
Survey in November, 2011	-0.1	2.7
Survey in December, 2011		4.8	3.4

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

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

The Realization Ratio^*2 in November was -3.4%. The Amendment Ratio^*3 in December was -1.4%.

*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 November decreased 1.5% from the previous month, showing a decrease for the first time in second months. It showed a decrease of 4.5% from the previous year. The index in November was 91.5(seasonally adjusted).

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

3.Changes in Inventories

Inventories in November decreased 0.8% from the previous month, showing a decrease for the first time in second months. It showed an increase of 8.0% from the previous year. The index in November was 102.8(seasonally adjusted).

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

Inventory Ratio in November decreased 1.7% from the previous month, showing a decrease for the second consecutive month. It showed an increase of 7.5% from the previous year. The index in November was 116.1(seasonally adjusted).

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  (published at 8:50 a.m., December 28, 2011)

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Ministry of Economy,Trade and Industry
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