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Indices of Industrial Production

Preliminary report for March, 2013

Statistics report

[Highlights]

Preliminary Report for March, 2013
(published at 8:50a.m., April 30, 2013)

Indices of Industrial Production

Industrial Production shows signs of picking up at a moderate pace.

  • Production and Shipments increased, Inventories and Inventory Ratio decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in April and to decrease in May.
  • Industrial Production shows signs of picking up at a moderate pace.
.
2005 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change from the previous month(%) Indices Percent change from the previous year (%)
Production 89.8 0.2 94.6 -7.3
Shipments 91.6 0.3 100.3 -5.8
Inventories 102.4 -0.2 97.1 -4.7
Inventory Ratio 119.7 -1.2 105.7 3.8

1. Changes in Production

(1)Industrial Production

Industrial Production in March increased 0.2% from the previous month, showing an increase for the fourth consecutive month. It showed a decrease of 7.3% from the previous year. The index in March was 89.8(seasonally adjusted).

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

Commodities that mainly contributed to the increase are as follows: 1.Active matrix LCDs(Liquid Crystal Devices) Middle and small, 2.Parts and accessories of steam turbines, 3.Steel bridges, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 0.8% in April and to decrease 0.3% in May.

Survey of Production Forecast

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

2005 average=100
  March,
2013
April,
2013
May,
 2013
Survey in March, 2013 1.0 0.6  
Survey in April, 2013   0.8 -0.3

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

Industries that mainly contributed to the decrease in May are as follows: 1.Transport equipment, 2.Fabricated metals, 3.Chemicals, in that order.

The Realization Ratio*2 in March was 0.8%. The Amendment Ratio*3 in April 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 March increased 0.3% from the previous month, showing an increase for the second consecutive month. It showed a decrease of 5.8% from the previous year. The index in March was 91.6(seasonally adjusted).

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

3.Changes in Inventories

Inventories in March decreased 0.2% from the previous month, showing a decrease for the eighth consecutive month. It showed a decrease of 4.7% from the previous year. The index in March was 102.4(seasonally adjusted).

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

Inventory Ratio in March decreased 1.2% from the previous month, showing a decrease for the sixth consecutive month. It showed an increase of 3.8% from the previous year. The index in March was 119.7(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: April 30, 2013
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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