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Indices of Industrial Production

Preliminary report for June, 2013

Statistics report

[Highlights]

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

Indices of Industrial Production

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

  • Production and Shipments decreased, Inventories remained flat, Inventory Ratio increased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in July and to decrease in August.
  • 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 94.5 -3.3 96.9 -4.8
Shipments 93.5 -3.4 96.3 -5.3
Inventories 107.0 0.0 105.7 -2.9
Inventory Ratio 110.9 5.8 108.6 -0.7

1. Changes in Production

(1)Industrial Production

Industrial Production in June decreased 3.3% from the previous month, showing a decrease for the first time in five months. It showed a decrease of 4.8% from the previous year. The index in June was 94.5(seasonally adjusted).

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

Commodities that mainly contributed to the decrease are as follows: 1.Large passenger cars, 2.Drive, transmission and control parts, 3.Parts and accessories of steam turbines, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to be increase 6.5% in July and to decrease 0.9% in August.

Survey of Production Forecast

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

2010 average=100
  June,
2013
July,
2013
August,
 2013
Survey in June, 2013 -2.4  3.3  
Survey in July, 2013   6.5 -0.9

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

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

The Realization Ratio*2 in June was -1.4%. The Amendment Ratio*3 in July was 1.7%.

*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 June decreased 3.4% from the previous month, showing a decrease for the first time in two months. It showed a decrease of 5.3% from the previous year. The index in June was 93.5(seasonally adjusted).

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

3.Changes in Inventories

Inventories in June remained flat 0.0% from the previous month. It showed a decrease of 2.9% from the previous year. The index in June was 107.0(seasonally adjusted).

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

Industries that mainly contributed to the decrease are as follows: 1.Transport equipment, 2.Electrical machinery, 3.Ceramics, stone and clay products, in that order.

Inventory Ratio in June increased 5.8% from the previous month, showing an increase for the first time in three months. It showed a decrease of 0.7% from the previous year. The index in June was 110.9(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: July 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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