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Indices of Industrial Production

Preliminary report for January, 2014

Statistics report

[Highlights]

Preliminary Report for January, 2014
(published at 8:50a.m., February 28, 2014)

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 February and decrease in March.
  • 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 104.1 4.0 96.4 10.6
Shipments 105.0 5.1 95.5 9.0
Inventories 104.6 -0.9 109.9 -3.7
Inventory Ratio 98.7 -5.6 110.9 -12.8

1. Changes in Production

(1)Industrial Production

Industrial Production in January increased 4.0% from the previous month, showing an increase for the second consecutive month. It showed an increase of 10.6% from the previous year. The index in January was 104.1(seasonally adjusted).

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

Commodities that mainly contributed to the increase are as follows: 1.Large passenger cars, 2.Semiconductor products machinery, 3.Drive, transmission and control parts, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 1.3% in February and decrease 3.2% in March.

Survey of Production Forecast

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

2010 average=100
  January,
2014
February,
2014
March,
2014
Survey in January, 2014 6.1 0.3  
Survey in February, 2014   1.3 -3.2

Industries that mainly contributed to the increase in February are as follows: 1.Electrical machinery, 2.Information and communication electronics equipment, 3.Electronic parts and devices, in that order.

Industries that mainly contributed to the decrease in March 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 January was -0.7%. The Amendment Ratio*3 in February 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 January increased 5.1% from the previous month, showing an increase for the fifth consecutive month. It showed an increase of 9.0% from the previous year. The index in January was 105.0(seasonally adjusted).

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

3.Changes in Inventories

Inventories in January decreased 0.9% from the previous month, showing a decrease for the sixth consecutive month. It showed a decrease of 3.7% from the previous year. The index in January was 104.6(seasonally adjusted).

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

Inventory Ratio in January decreased 5.6% from the previous month, showing a decrease for the fifth consecutive month. It showed a decrease of 12.8% from the previous year. The index in January was 98.7(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: February 28, 2014
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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