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Indices of Industrial Production

Preliminary report for October, 2013

Statistics report

[Highlights]

Preliminary Report for October, 2013
(published at 8:50a.m., November 29, 2013)

Indices of Industrial Production

Industrial Production continues to show an upward movement.

  • Production and Shipments increased, Inventories and Inventory Ratio decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in November and December.
  • Industrial Production continues to show an upward movement.
.
2010 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change from the previous month(%) Indices Percent change from the previous year (%)
Production 98.8 0.5 101.6 4.7
Shipments 98.6 1.8 99.8 5.7
Inventories 107.8 -0.5 109.2 -4.0
Inventory Ratio 106.0 -3.7 105.6 -9.9

1. Changes in Production

(1)Industrial Production

Industrial Production in October increased 0.5% from the previous month, showing an increase for the second consecutive month. It showed an increase of 4.7% from the previous year. The index in October was 98.8(seasonally adjusted).

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

Commodities that mainly contributed to the increase are as follows: 1.Semiconductor products machinery, 2.Cellular telephone, 3.Separate type air conditioners, in that order.

(2)Survey of Production Forecast*1 (for November and December)

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 0.9% in November and increase 2.1% in December.

Survey of Production Forecast

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

2010 average=100
  October,
2013
November,
2013
December,
 2013
Survey in October, 2013 4.7 -1.2  
Survey in November, 2013   0.9 2.1

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

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

The Realization Ratio*2 in October was -2.5%. The Amendment Ratio*3 in November was -0.4%.

*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 October increased 1.8% from the previous month, showing an increase for the second consecutive month. It showed an increase of 5.7% from the previous year. The index in October was 98.6(seasonally adjusted).

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

3.Changes in Inventories

Inventories in October decreased 0.5% from the previous month, showing a decrease for the third consecutive month. It showed a decrease of 4.0% from the previous year. The index in October was 107.8(seasonally adjusted).

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

Inventory Ratio in October decreased 3.7% from the previous month, showing a decrease for the second consecutive month. It showed a decrease of 9.9% from the previous year. The index in October was 106.0(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: November 29, 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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