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Indices of Industrial Production

Preliminary report for August, 2012

Statistics report

[Highlights]

Preliminary Report for August, 2012
(published at 8:50a.m., September 28, 2012)

Indices of Industrial Production

Industrial Production appears to be weakened.

  • Production decreased, Shipments increased, Inventories and Inventory Ratio decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease in September and to be flat in October.
  • Industrial Production appears to be weakened.
.
2005 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change from the previous month(%) Indices Percent change from the previous year (%)
Production 90.5 -1.3 87.6 -4.3
Shipments 91.7 0.4 88.4 -3.1
Inventories 108.8 -1.6 110.2 5.9
Inventory Ratio 124.5 -2.9 129.1 8.1

1. Changes in Production

(1)Industrial Production

Industrial Production in August decreased 1.3% from the previous month, showing a decrease for the second consecutive month. It showed a decrease of 4.3% from the previous year. The index in August was 90.5(seasonally adjusted).

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

Commodities that mainly contributed to the decrease are as follows: 1.Metal oxide semiconductor ICs (Memory), 2.Large passenger cars, 3.Active matrix LCDs(Liquid Crystal Devices) Middle and small, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease 2.9% in September and to be flat in October.

Survey of Production Forecast

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

2005 average=100
  August,
2012
September,
2012
October,
 2012
Survey in August, 2012 0.1 -3.3  
Survey in September, 2012   -2.9 0.0

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

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

On the other hand, industries that mainly contributed to the decrease in October are as follows: 1.General machinery, 2.Information and communication electronics equipment, in that order.

The Realization Ratio*2 in August was -2.8%. The Amendment Ratio*3 in September was -2.4%.

*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 August increased 0.4% from the previous month, showing an increase for the first time in four months. It showed a decrease of 3.1% from the previous year. The index in August was 91.7(seasonally adjusted).

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

3.Changes in Inventories

Inventories in August decreased 1.6% from the previous month, showing a decrease for the first time in two months. It showed an increase of 5.9% from the previous year. The index in August was 108.8(seasonally adjusted).

Industries that mainly contributed to the decrease are as follows: 1.Information and communication electronics equipment, 2.Electronic parts and devices, 3.Petroleum and coal products, in that order.

Inventory Ratio in August decreased 2.9% from the previous month, showing a decrease for the first time in three months. It showed an increase of 8.1% from the previous year. The index in August was 124.5(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: September 28, 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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