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Indices of Industrial Production

Preliminary report for April, 2013

Statistics report

[Highlights]

Preliminary Report for April, 2013
(published at 8:50a.m., May 31, 2013)

Indices of Industrial Production

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

  • Production, Shipments, Inventories and Inventory Ratio increased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to be flat in May and to decrease in June.
  • 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 91.9 1.7 87.9 -2.3
Shipments 93.4 1.1 87.7 -1.7
Inventories 103.4 0.6 98.8 -5.6
Inventory Ratio 120.2 0.5 118.2 -2.4

1. Changes in Production

(1)Industrial Production

Industrial Production in April increased 1.7% from the previous month, showing an increase for the fifth consecutive month. It showed a decrease of 2.3% from the previous year. The index in April was 91.9(seasonally adjusted).

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

Commodities that mainly contributed to the increase are as follows: 1.Large passenger cars, 2.Metal oxide semiconductor ICs (Memory), 3.Active matrix LCDs(Liquid Crystal Devices) Large, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to be flat in May and to decrease 1.4% in June.

Survey of Production Forecast

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

2005 average=100
  April,
2013
May,
2013
June,
 2013
Survey in April, 2013 0.8  -0.3  
Survey in May, 2013   0.0 -1.4

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

On the other hand, industries that mainly contributed to the decrease in May are as follows: 1.Transport equipment, 2.Others, in that order.

Industries that mainly contributed to the decrease in June are as follows: 1.Transport equipment, 2.Iron and steel, 3.Pulp and paper, in that order.

The Realization Ratio*2 in April was 0.1%. The Amendment Ratio*3 in May was 0.5%.

*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 April increased 1.1% from the previous month, showing an increase for the third consecutive month. It showed a decrease of 1.7% from the previous year. The index in April was 93.4(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.Transport equipment, 2.Fabricated metals, 3.Precision instruments, in that order.

3.Changes in Inventories

Inventories in April increased 0.6% from the previous month, showing an increase for the second consecutive month. It showed a decrease of 5.6% from the previous year. The index in April was 103.4(seasonally adjusted).

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

Inventory Ratio in April increased 0.5% from the previous month, showing an increase for the first time in seven months. It showed a decrease of 2.4% from the previous year. The index in April was 120.2(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: May 31, 2013
Ministry of Economy, Trade and Industry
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