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Indices of Industrial Production

Preliminary report for February, 2014

Statistics report

[Highlights]

Preliminary Report for February, 2014
(published at 8:50a.m., March 31, 2014)

Indices of Industrial Production

Industrial Production continues to show an upward movement.

  • Production, Shipments and Inventories decreased, Inventory Ratio increased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in March and decrease in April.
  • 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 101.5 -2.3 97.5 6.9
Shipments 103.9 -1.0 97.8 6.0
Inventories 103.8 -0.8 107.3 -3.2
Inventory Ratio 100.6 1.7 106.4 -8.8

1. Changes in Production

(1)Industrial Production

Industrial Production in February decreased 2.3% from the previous month, showing a decrease for the first time in three months. It showed an increase of 6.9% from the previous year. The index in February was 101.5(seasonally adjusted).

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

Commodities that mainly contributed to the decrease are as follows: 1.Large passenger cars, 2.Drive, transmission and control parts, 3.Engines for motor vehicles, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 0.9% in March and decrease 0.6% in April.

Survey of Production Forecast

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

2010 average=100
  February,
2014
March,
2014
April,
2014
Survey in February, 2014 1.3 -3.2  
Survey in March, 2014   0.9 -0.6

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

Industries that mainly contributed to the decrease in April are as follows: 1.Information and communication electronics equipment, 2.Others, 3.Chemicals, in that order.

The Realization Ratio*2 in February was -3.7%. The Amendment Ratio*3 in March 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 February decreased 1.0% from the previous month, showing a decrease for the first time in six months. It showed an increase of 6.0% from the previous year. The index in February was 103.9(seasonally adjusted).

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

3.Changes in Inventories

Inventories in February decreased 0.8% from the previous month, showing a decrease for the seventh consecutive month. It showed a decrease of 3.2% from the previous year. The index in February was 103.8(seasonally adjusted).

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

Inventory Ratio in February increased 1.7% from the previous month, showing an increase for the first time in six months. It showed a decrease of 8.8% from the previous year. The index in February was 100.6(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: March 31, 2014
Ministry of Economy, Trade and Industry
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