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Indices of Industrial Production

Preliminary report for November, 2013

Statistics report

[Highlights]

Preliminary Report for November, 2013
(published at 8:50a.m., December 27, 2013)

Indices of Industrial Production

Industrial Production continues to show an upward movement.

  • Production increased, Shipments, Inventories and Inventory Ratio decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in December and January.
  • 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 99.4 0.1 100.0 5.0
Shipments 99.0 -0.1 99.9 6.5
Inventories 106.0 -1.9 108.7 -5.2
Inventory Ratio 104.5 -1.4 104.3 -11.2

1. Changes in Production

(1)Industrial Production

Industrial Production in November increased 0.1% from the previous month, showing an increase for the third consecutive month. It showed an increase of 5.0% from the previous year. The index in November was 99.4(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.Transport equipment, 2.Information and communication electronics equipment, 3.Chemicals (excl. Drugs), in that order.

Commodities that mainly contributed to the increase are as follows: 1.Desktop computers, 2.Midget passenger cars, 3.Semiconductor products machinery, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 2.8% in December and increase 4.6% in January.

Survey of Production Forecast

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

2010 average=100
  November,
2013
December,
2013
January,
 2014
Survey in November, 2013 0.9 2.1  
Survey in December, 2013   2.8 4.6

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

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

The Realization Ratio*2 in November was -1.7%. The Amendment Ratio*3 in December was -1.1%.

*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 November decreased 0.1% from the previous month, showing a decrease for the first time in three months. It showed an increase of 6.5% from the previous year. The index in November was 99.0(seasonally adjusted).

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

3.Changes in Inventories

Inventories in November decreased 1.9% from the previous month, showing a decrease for the fourth consecutive month. It showed a decrease of 5.2% from the previous year. The index in November was 106.0(seasonally adjusted).

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

Inventory Ratio in November decreased 1.4% from the previous month, showing a decrease for the third consecutive month. It showed a decrease of 11.2% from the previous year. The index in November was 104.5(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: December 27, 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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