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Indices of Industrial Production

Preliminary report for July, 2012

Statistics report

[Highlights]

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

Indices of Industrial Production

Industrial Production appears to be flat.

  • Production and Shipments decreased, Inventories and Inventory Ratio increased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in August and to decrease in September.
  • 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 91.5 -1.2 95.7 -1.0
Shipments 90.8 -3.6 94.4 -2.3
Inventories 110.5 2.8 110.6 9.3
Inventory Ratio 128.3 3.8 124.1 10.0

1. Changes in Production

(1)Industrial Production

Industrial Production in July decreased 1.2% from the previous month, showing a decrease for the first time in two months. It showed a decrease of 1.0% from the previous year. The index in July was 91.5(seasonally adjusted).

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

Commodities that mainly contributed to the decrease are as follows: 1.Metal oxide semiconductor ICs (Memory), 2.Parts and accessories of steam turbines, 3.Active matrix LCDs (Liquid Crystal Devices) Large, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 0.1% in August and to decrease 3.3% in September.

Survey of Production Forecast

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

2005 average=100
  July,
2012
August,
2012
September,
 2012
Survey in July, 2012 4.5 -0.6  
Survey in August, 2012   0.1 -3.3

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

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

The Realization Ratio*2 in July was -3.5%. The Amendment Ratio*3 in August was -2.9%.

*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 July decreased 3.6% from the previous month, showing a decrease for the third consecutive month. It showed a decrease of 2.3% from the previous year. The index in July was 90.8(seasonally adjusted).

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

3.Changes in Inventories

Inventories in July increased 2.8% from the previous month, showing an increase for the first time in three months. It showed an increase of 9.3% from the previous year. The index in July was 110.5(seasonally adjusted).

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

Inventory Ratio in July increased 3.8% from the previous month, showing an increase for the second consecutive month. It showed an increase of 10.0% from the previous year. The index in July was 128.3(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: August 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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