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Indices of Industrial Production

Preliminary report for August, 2013

Statistics report

[Highlights]

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

Indices of Industrial Production

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

  • Production and Inventories decreased, Shipments and Inventory Ratio increased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in September and October.
  • 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 97.2 -0.7 92.5 -0.2
Shipments 96.0 0.4 91.8 -0.8
Inventories 108.6 -0.1 109.8 -3.2
Inventory Ratio 112.3 1.6 117.5 -2.7

1. Changes in Production

(1)Industrial Production

Industrial Production in August decreased 0.7% from the previous month, showing a decrease for the first time in two months. It showed a decrease of 0.2% from the previous year. The index in August was 97.2(seasonally adjusted).

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

Commodities that mainly contributed to the decrease are as follows: 1.Large passenger cars, 2.Metal oxide semiconductor ICs (Memory), 3.Reaction vessels, in that order.

(2)Survey of Production Forecast*1 (for September and October)

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 5.2% in September and to increase 2.5% in October.

Survey of Production Forecast

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

2010 average=100
  August,
2013
September,
2013
October,
 2013
Survey in August, 2013 0.2 1.7  
Survey in September, 2013   5.2 2.5

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

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

The Realization Ratio*2 in August was -3.7%. The Amendment Ratio*3 in September was -0.3%.

*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 August increased 0.4% from the previous month, showing an increase for the second consecutive month. It showed a decrease of 0.8% from the previous year. The index in August was 96.0(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.Transport equipment, 2.Information and communication electronics equipment, 3.Fabricated metals, in that order.

3.Changes in Inventories

Inventories in August decreased 0.1% from the previous month, showing a decrease for the first time in three months. It showed a decrease of 3.2% from the previous year. The index in August was 108.6(seasonally adjusted).

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

Inventory Ratio in August increased 1.6% from the previous month, showing an increase for the first time in two months. It showed a decrease of 2.7% from the previous year. The index in August was 112.3(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: September 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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