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Indices of Industrial Production

Preliminary report for February, 2013

Statistics report

[Highlights]

Preliminary Report for February, 2013
(published at 8:50a.m., March 29, 2013)

Indices of Industrial Production

Industrial Production has bottomed out and shows some signs of picking up.

  • Production decreased, Shipments increased, Inventories and Inventory Ratio decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in March and April.
  • Industrial Production has bottomed out and shows some signs of picking up.
.
2005 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change from the previous month(%) Indices Percent change from the previous year (%)
Production 89.0 -0.1 84.2 -11.0
Shipments 90.7 0.8 86.2 -9.5
Inventories 102.6 -2.0 106.6 -0.5
Inventory Ratio 121.3 -1.0 130.3 9.9

1. Changes in Production

(1)Industrial Production

Industrial Production in February decreased 0.1% from the previous month, showing a decrease for the first time in three months. It showed a decrease of 11.0% from the previous year. The index in February was 89.0(seasonally adjusted).

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

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

(2)Survey of Production Forecast*1 (for March and April)

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 1.0% in March and to increase 0.6% in April.

Survey of Production Forecast

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

2005 average=100
  February,
2013
March,
2013
April,
 2013
Survey in February, 2013 5.3 0.3  
Survey in March, 2013   1.0 0.6

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

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

The Realization Ratio*2 in February was -3.6%. The Amendment Ratio*3 in March was -3.0%.

*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 February increased 0.8% from the previous month, showing an increase for the first time in two months. It showed a decrease of 9.5% from the previous year. The index in February was 90.7(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.Transport equipment, 2.Iron and steel, 3.Non-ferrous metals, in that order.

3.Changes in Inventories

Inventories in February decreased 2.0% from the previous month, showing a decrease for the seventh consecutive month. It showed a decrease of 0.5% from the previous year. The index in February was 102.6(seasonally adjusted).

Industries that mainly contributed to the decrease are as follows: 1.General machinery, 2.Electrical machinery, 3.Chemicals (excl. Drugs), in that order.

Inventory Ratio in February decreased 1.0% from the previous month, showing a decrease for the fifth consecutive month. It showed an increase of 9.9% from the previous year. The index in February was 121.3(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: March 29, 2013
Ministry of Economy, Trade and Industry
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