Indices of Industrial Production

Preliminary report for February, 2012

Statistics report

[Highlights]

Preliminary Report for February, 2012
(published at 8:50a.m., March 30, 2012)

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	94.1	-1.2	93.2	1.5
Shipments	95.7	1.1	94.3	1.1
Inventories	103.1	0.1	106.6	1.0
Inventory Ratio	109.1	-3.9	118.3	4.6

1. Changes in Production

(1)Industrial Production

Industrial Production in February decreased 1.2% from the previous month, showing a decrease for the first time in three months. It showed an increase of 1.5% from the previous year. The index in February was 94.1(seasonally adjusted).

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

Commodities that mainly contributed to the decrease are as follows: 1.Cellular telephone, 2.Large passenger cars, 3.Active matrix LCDs(Liquid Crystal Devices) Large, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 2.6% in March and to increase 0.7% in April.

Survey of Production Forecast

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

2005 average=100

	February, 2012	March, 2012	April,  2012
Survey in February, 2012	1.7	1.7
Survey in March, 2012		2.6	0.7

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

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

The Realization Ratio^*2 in February was -1.2%. The Amendment Ratio^*3 in March was -0.2%.

*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 February increased 1.1% from the previous month, showing an increase for the first time in two months. It showed an increase of 1.1% from the previous year. The index in February was 95.7(seasonally adjusted).

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

3.Changes in Inventories

Inventories in February increased 0.1% from the previous month, showing an increase for the second consecutive month. It showed an increase of 1.0% from the previous year. The index in February was 103.1(seasonally adjusted).

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

Inventory Ratio in February decreased 3.9% from the previous month, showing a decrease for the first time in two months. It showed an increase of 4.6% from the previous year. The index in February was 109.1(seasonally adjusted).

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

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