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Indices of Industrial Production

Preliminary report for October, 2012

Statistics report

[Highlights]

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

Indices of Industrial Production

Industrial Production is on a downward trend.

  • Production increased, Shipments remained flat, Inventories increased, Inventory Ratio decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease in November and to increase in December.
  • 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 88.1 1.8 92.0 -4.3
Shipments 87.6 0.0 90.3 -4.7
Inventories 108.1 0.3 109.9 4.2
Inventory Ratio 128.1 -1.8 127.3 9.8

1. Changes in Production

(1)Industrial Production

Industrial Production in October increased 1.8% from the previous month, showing an increase for the first time in four months. It showed a decrease of 4.3% from the previous year. The index in October was 88.1(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.Electronic parts and devices, 2.Fabricated metals, 3.Transport equipment, in that order.

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

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease 0.1% in November and to increase 7.5% in December.

Survey of Production Forecast

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

2005 average=100
  October,
2012
November,
2012
December,
 2012
Survey in October, 2012 -1.5 1.6  
Survey in November, 2012   -0.1 7.5

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

The Realization Ratio*2 in October was 0.6%. The Amendment Ratio*3 in November was -1.1%.

*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 October remained flat 0.0% from the previous month. It showed a decrease of 4.7% from the previous year. The index in October was 87.6(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.Fabricated metals, 2.Chemicals (excl. Drugs), 3.Plastic products, in that order.

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

3.Changes in Inventories

Inventories in October increased 0.3% from the previous month, showing an increase for the first time in three months. It showed an increase of 4.2% from the previous year. The index in October was 108.1(seasonally adjusted).

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

Inventory Ratio in October decreased 1.8% from the previous month, showing a decrease for the first time in two months. It showed an increase of 9.8% from the previous year. The index in October was 128.1(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: November 30, 2012
Ministry of Economy, Trade and Industry
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