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Indices of Industrial Production

Preliminary report for June, 2012

Statistics report

[Highlights]

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

Indices of Industrial Production

Industrial Production appears to be flat.

  • Production, Shipments and Inventories decreased, Inventory Ratio increased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in July and to decrease in August.
  • 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 92.1 -0.1 95.6 -2.0
Shipments 93.7 -1.5 96.3 -1.6
Inventories 107.3 -1.4 106.8 6.1
Inventory Ratio 123.4 4.0 118.1 7.2

1. Changes in Production

(1)Industrial Production

Industrial Production in June decreased 0.1% from the previous month, showing a decrease for the third consecutive month. It showed a decrease of 2.0% from the previous year. The index in June was 92.1(seasonally adjusted).

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

Commodities that mainly contributed to the decrease are as follows: 1.Large passenger cars, 2.Semiconductor products machinery, 3.Chassis and Body parts, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 4.5% in July and to decrease 0.6% in August.

Survey of Production Forecast

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

2005 average=100
  June,
2012
July,
2012
August,
 2012
Survey in June, 2012 2.7 2.4  
Survey in July, 2012   4.5 -0.6

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

Industries that mainly contributed to the decrease in August are as follows: 1.Electronic parts and devices, 2.Others, 3.Non-ferrous metals.

The Realization Ratio*2 in June was -2.8%. The Amendment Ratio*3 in July was -0.8%.

*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 June decreased 1.5% from the previous month, showing a decrease for the second consecutive month. It showed a decrease of 1.6% from the previous year. The index in June was 93.7(seasonally adjusted).

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

3.Changes in Inventories

Inventories in June decreased 1.4% from the previous month, showing a decrease for the second consecutive month. It showed an increase of 6.1% from the previous year. The index in June was 107.3(seasonally adjusted).

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

Inventory Ratio in June increased 4.0% from the previous month, showing an increase for the first time in two months. It showed an increase of 7.2% from the previous year. The index in June was 123.4(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: July 30, 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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