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Indices of Industrial Production

Preliminary report for May, 2012

Statistics report

[Highlights]

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

Indices of Industrial Production

Industrial Production continues to show an upward movement.

  • Production, Shipments, Inventories and Inventory Ratio decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in June and July.
  • 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 92.4 -3.1 88.8 6.2
Shipments 95.0 -1.5 88.8 11.6
Inventories 108.9 -0.6 107.8 4.8
Inventory Ratio 118.7 -3.7 126.4 -2.3
1. Changes in Production

(1)Industrial Production

Industrial Production in May decreased 3.1% from the previous month, showing a decrease for the second consecutive month. It showed an increase of 6.2% from the previous year. The index in May was 92.4(seasonally adjusted).

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

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

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 2.7% in June and to increase 2.4% in July.

Survey of Production Forecast

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

2005 average=100
  May,
2012
June,
2012
July,
 2012
Survey in May, 2012 -3.2 2.4  
Survey in June, 2012   2.7 2.4

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

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

The Realization Ratio*2 in May was -1.7%. The Amendment Ratio*3 in June 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 May decreased 1.5% from the previous month, showing a decrease for the first time in four months. It showed an increase of 11.6% from the previous year. The index in May was 95.0(seasonally adjusted).

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

3.Changes in Inventories

Inventories in May decreased 0.6% from the previous month, showing a decrease for the first time in three months. It showed an increase of 4.8% from the previous year. The index in May was 108.9(seasonally adjusted).

Industries that mainly contributed to the decrease are as follows: 1.Transport equipment, 2.Iron and steel, 3.Electronic parts and devices, in that order.

Inventory Ratio in May decreased 3.7% from the previous month, showing a decrease for the first time in three months. It showed a decrease of 2.3% from the previous year. The index in May was 118.7(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: June 29, 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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