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Indices of Industrial Production

Preliminary report for May, 2013

Statistics report

[Highlights]

Preliminary Report for May, 2013
(published at 8:50a.m., June 28, 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 decrease in June and to increase in July.
  • Industrial Production shows signs of picking up at a moderate pace.
.
2010 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change from the previous month(%) Indices Percent change from the previous year (%)
Production 97.8 2.0 93.1 -1.0
Shipments 96.6 0.8 91.5 -2.3
Inventories 107.1 -0.3 106.4 -2.7
Inventory Ratio 104.9 -2.1 111.9 -5.1

1. Changes in Production

(1)Industrial Production

Industrial Production in May increased 2.0% from the previous month, showing an increase for the fourth consecutive month. It showed a decrease of 1.0% from the previous year. The index in May was 97.8(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.General-purpose, production and business oriented machinery, 2.Electrical machinery, 3.Chemicals (excl. Drugs), in that order.

Commodities that mainly contributed to the increase are as follows: 1.Parts and accessories of steam turbines, 2.Parts and accessories of boilers, 3.Water tube boilers, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to be decrease 2.4% in June and to increase 3.3% in July.

Survey of Production Forecast

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

2010 average=100
  May,
2013
June,
2013
July,
 2013
Survey in May, 2013 2.2  -2.9  
Survey in June, 2013   -2.4 3.3

Industries that mainly contributed to the decrease in June are as follows: 1.Transport equipment, 2.General-purpose, production and business oriented machinery, 3.Others, in that order.

Industries that mainly contributed to the increase in July are as follows: 1.General-purpose, production and business oriented machinery, 2.Transport equipment, 3.Others, in that order.

The Realization Ratio*2 in May was -1.4%. The Amendment Ratio*3 in June was -0.9%.

*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 May increased 0.8% from the previous month, showing an increase for the first time in three months. It showed a decrease of 2.3% from the previous year. The index in May was 96.6(seasonally adjusted).

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

3.Changes in Inventories

Inventories in May decreased 0.3% from the previous month, showing a decrease for the first time in two months. It showed a decrease of 2.7% from the previous year. The index in May was 107.1(seasonally adjusted).

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

Inventory Ratio in May decreased 2.1% from the previous month, showing a decrease for the second consecutive month. It showed a decrease of 5.1% from the previous year. The index in May was 104.9(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: June 28, 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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