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Indices of Industrial Production

Preliminary report for September, 2012

Statistics report

[Highlights]

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

Indices of Industrial Production

Industrial Production is on a downward trend.

  • Production, Shipments and Inventories decreased, Inventory Ratio increased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease in October and to increase in November.
  • Industrial Production is on a downward trend.
.
2005 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change from the previous month(%) Indices Percent change from the previous year (%)
Production 86.5 -4.1 91.3 -8.1
Shipments 87.5 -4.4 93.9 -8.5
Inventories 107.8 -0.9 105.8 4.8
Inventory Ratio 130.5 4.2 119.4 11.0

1. Changes in Production

(1)Industrial Production

Industrial Production in September decreased 4.1% from the previous month, showing a decrease for the third consecutive month. It showed a decrease of 8.1% from the previous year. The index in September was 86.5(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.

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

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease 1.5% in October and to increase 1.6% in November.

Survey of Production Forecast

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

2005 average=100
  September,
2012
October,
2012
November,
 2012
Survey in September, 2012 -2.9 0.0  
Survey in October, 2012   -1.5 1.6

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

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

The Realization Ratio*2 in September was -1.5%. The Amendment Ratio*3 in October 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 September decreased 4.4% from the previous month, showing a decrease for the first time in two months. It showed a decrease of 8.5% from the previous year. The index in September was 87.5(seasonally adjusted).

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

3.Changes in Inventories

Inventories in September decreased 0.9% from the previous month, showing a decrease for the second consecutive month. It showed an increase of 4.8% from the previous year. The index in September was 107.8(seasonally adjusted).

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

Inventory Ratio in September increased 4.2% from the previous month, showing an increase for the first time in two months. It showed an increase of 11.0% from the previous year. The index in September was 130.5(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: October 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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