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Indices of Industrial Production

Preliminary report for January, 2012

Statistics report

[Highlights]

Preliminary Report for January, 2012
(published at 8:50a.m., February 29, 2012)

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Indices of Industrial Production

Industrial Production shows signs of an upward movement.

  • Production increased, Shipments decreased, Inventories and Inventory Ratio increased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in February and March.
  • Industrial Production shows signs of an upward movement.
2005 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change from the previous month(%) Indices Percent change from the previous year (%)
Production 95.3 2.0 85.8 -1.2
Shipments 94.9 -0.7 85.0 -1.4
Inventories 103.1 3.1 106.6 2.6
Inventory Ratio 113.2 1.2 129.0 5.0
1. Changes in Production

(1)Industrial Production

Industrial Production in January increased 2.0% from the previous month, showing an increase for the second consecutive month. It showed a decrease of 1.2% from the previous year. The index in January was 95.3(seasonally adjusted).

Industries that mainly contributed to the increase 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 increase are as follows: 1.Large passenger cars, 2.Digital still camera, 3.Car navigation system, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 1.7% in February and to increase 1.7% in March.

Survey of Production Forecast

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

2005 average=100
  January,
2012
February,
2012
March,
 2012
Survey in January, 2012 2.5 1.2  
Survey in February, 2012   1.7 1.7

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

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

The Realization Ratio*2 in January was 0.2%. The Amendment Ratio*3 in February was 0.7%.

*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 January decreased 0.7% from the previous month, showing a decrease for the first time in two months. It showed a decrease of 1.4% from the previous year. The index in January was 94.9(seasonally adjusted).

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

3.Changes in Inventories

Inventories in January increased 3.1% from the previous month, showing an increase for the first time in three months. It showed an increase of 2.6% from the previous year. The index in January was 103.1(seasonally adjusted).

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

Inventory Ratio in January increased 1.2% from the previous month, showing an increase for the first time in four months. It showed an increase of 5.0% from the previous year. The index in January was 113.2(seasonally adjusted).

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Last Update: February 29, 2012
Ministry of Economy, Trade and Industry
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