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Indices of Industrial Production

Preliminary report for December, 2013

Statistics report

[Highlights]

Preliminary Report for December, 2013
(published at 8:50a.m., January 31, 2014)

Indices of Industrial Production

Industrial Production continues to show an upward movement.

  • Production, Shipments and Inventory Ratio increased, Inventories decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in January and February.
  • 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 100.3 1.1 100.1 7.3
Shipments 99.7 0.6 100.5 6.1
Inventories 105.7 -0.4 105.8 -4.3
Inventory Ratio 104.8 0.1 101.6 -11.0

1. Changes in Production

(1)Industrial Production

Industrial Production in December increased 1.1% from the previous month, showing an increase for the first time in two months. It showed an increase of 7.3% from the previous year. The index in December was 100.3(seasonally adjusted).

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

Commodities that mainly contributed to the increase are as follows: 1.Active matrix LCDs (Liquid Crystal Devices) Middle and small, 2.Numerically controlled robots, 3.Power transformers, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 6.1% in January and increase 0.3% in February.

Survey of Production Forecast

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

2010 average=100
  December,
2013
January,
2014
February,
 2014
Survey in December, 2013 2.8 4.6  
Survey in January, 2014   6.1 0.3

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

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

The Realization Ratio*2 in December was -1.8%. The Amendment Ratio*3 in January was -0.5%.

*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 December increased 0.6% from the previous month, showing an increase for the fourth consecutive month. It showed an increase of 6.1% from the previous year. The index in December was 99.7(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.Electrical machinery, 2.Fabricated metals, 3.Non-ferrous metals, in that order.

3.Changes in Inventories

Inventories in December decreased 0.4% from the previous month, showing a decrease for the fifth consecutive month. It showed a decrease of 4.3% from the previous year. The index in December was 105.7(seasonally adjusted).

Industries that mainly contributed to the decrease are as follows: 1.Iron and steel, 2.Transport equipment, 3.Textiles, in that order.

Inventory Ratio in December increased 0.1% from the previous month, showing an increase for the first time in four months. It showed a decrease of 11.0% from the previous year. The index in December was 104.8(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: January 31, 2014
Ministry of Economy, Trade and Industry
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