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Indices of Industrial Production

Preliminary report for December, 2011

Statistics report

[Highlights]

Preliminary Report for December, 2011
(published at 8:50a.m., January 31, 2012)

Indices of Industrial Production

Industrial Production appears to be flat.

  • Production, Shipments increased, Inventories and Inventory Ratio decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in January and February.
  • 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 93.6 4.0 94.1 -4.1
Shipments 95.5 4.5 97.7 -3.1
Inventories 100.0 -2.9 99.9 3.4
Inventory Ratio 112.0 -3.6 109.5 3.8
1. Changes in Production

(1)Industrial Production

Industrial Production in December increased 4.0% from the previous month, showing an increase for the first time in two months. It showed a decrease of 4.1% from the previous year. The index in December was 93.6(seasonally adjusted).

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

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

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 2.5% in January and to increase 1.2% in February.

Survey of Production Forecast

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

2005 average=100
  December,
2011
January,
2012
February,
 2012
Survey in December, 2011 4.8 3.4  
Survey in January, 2012   2.5 1.2

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

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

The Realization Ratio*2 in December was 0.4%. The Amendment Ratio*3 in January was -0.4%.

*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 December increased 4.5% from the previous month, showing an increase for the first time in two months. It showed a decrease of 3.1% from the previous year. The index in December was 95.5(seasonally adjusted).

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

3.Changes in Inventories

Inventories in December decreased 2.9% from the previous month, showing a decrease for the second consecutive month. It showed an increase of 3.4% from the previous year. The index in December was 100.0(seasonally adjusted).

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

Inventory Ratio in December decreased 3.6% from the previous month, showing a decrease for the third consecutive month. It showed an increase of 3.8% from the previous year. The index in December was 112.0(seasonally adjusted).

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Economic Analysis Office
Research and Statistics Department
Minister's Secretariat
Ministry of Economy, Trade and Industry
E-mail qqcebc@meti.go.jp

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Last Update: January 31, 2012
Ministry of Economy, Trade and Industry
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