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Indices of Industrial Production

Preliminary report for April, 2012

Statistics report

[Highlights]

Preliminary Report for April, 2012
(published at 8:50a.m., May 31, 2012)

Indices of Industrial Production

Industrial Production continues to show an upward movement.

  • Production, Shipments, Inventories and Inventory Ratio increased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease in May and to increase in June.
  • Industrial Production continues to show 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 95.8 0.2 90.4 13.4
Shipments 96.7 0.9 89.4 16.3
Inventories 109.6 2.0 104.7 10.8
Inventory Ratio 122.9 6.6 120.8 -3.0
1. Changes in Production

(1)Industrial Production

Industrial Production in April increased 0.2% from the previous month, showing an increase for the second consecutive month. It showed an increase of 13.4% from the previous year. The index in April was 95.8(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.Transport equipment, 2.Chemicals (excl. Drugs), 3.Electrical machinery, in that order.

Commodities that mainly contributed to the increase are as follows: 1.Large passenger cars, 2.Chassis and Body parts, 3.Drive, transmission and Control parts, in that order.

(2)Survey of Production Forecast*1 (for May and June)

According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease 3.2% in May and to increase 2.4% in June.

Survey of Production Forecast

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

2005 average=100
  April,
2012
May,
2012
June,
 2012
Survey in April, 2012 1.0 -4.1  
Survey in May, 2012   -3.2 2.4

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

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

The Realization Ratio*2 in April was -2.2%. The Amendment Ratio*3 in May was -1.2%.

*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 April increased 0.9% from the previous month, showing an increase for the third consecutive month. It showed an increase of 16.3% from the previous year. The index in April was 96.7(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.Transport equipment, 2.Fabricated metals, 3.Electrical machinery, in that order.

3.Changes in Inventories

Inventories in April increased 2.0% from the previous month, showing an increase for the second consecutive month. It showed an increase of 10.8% from the previous year. The index in April was 109.6(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.Transport equipment, 2.Electronic parts and devices, 3.Chemicals (excl. Drugs), in that order.

Inventory Ratio in April increased 6.6% from the previous month, showing an increase for the second consecutive month. It showed a decrease of 3.0% from the previous year. The index in April was 122.9(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: May 31, 2012
Ministry of Economy, Trade and Industry
1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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