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Indices of Industrial Production

Preliminary report for December, 2012

Statistics report

[Highlights]

Preliminary Report for December, 2012
(published at 8:50a.m., January 31, 2013)

Indices of Industrial Production

Industrial Production shows signs of having bottomed out.

  • Production and Shipments increased, Inventories and Inventory Ratio decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in January and February.
  • Industrial Production shows signs of having bottomed out.
.
2005 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change from the previous month(%) Indices Percent change from the previous year (%)
Production 88.9 2.5 87.8 -7.8
Shipments 90.6 4.4 91.3 -7.2
Inventories 105.2 -1.1 103.9 3.6
Inventory Ratio 126.4 -0.6 123.3 12.2

1. Changes in Production

(1)Industrial Production

Industrial Production in December increased 2.5% from the previous month, showing an increase for the first time in two months. It showed a decrease of 7.8% from the previous year. The index in December was 88.9(seasonally adjusted).

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

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

(2)Survey of Production Forecast*1 (for January and February)

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 2.6% in January and to increase 2.3% in February.

Survey of Production Forecast

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

2005 average=100
  December,
2012
January,
2013
February,
 2013
Survey in December, 2012 6.7 2.4  
Survey in January, 2013   2.6 2.3

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

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

The Realization Ratio*2 in December was -3.3%. The Amendment Ratio*3 in January was -3.1%.

*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 December increased 4.4% from the previous month, showing an increase for the first time in four months. It showed a decrease of 7.2% from the previous year. The index in December was 90.6(seasonally adjusted).

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

3.Changes in Inventories

Inventories in December decreased 1.1% from the previous month, showing a decrease for the fifth consecutive month. It showed an increase of 3.6% from the previous year. The index in December was 105.2(seasonally adjusted).

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

Inventory Ratio in December decreased 0.6% from the previous month, showing a decrease for the third consecutive month. It showed an increase of 12.2% from the previous year. The index in December was 126.4(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: January 31, 2013
Ministry of Economy, Trade and Industry
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