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Indices of Industrial Production

Preliminary report for March, 2014

Statistics report

[Highlights]

Preliminary Report for March, 2014
(published at 8:50a.m., April 30, 2014)

Indices of Industrial Production

Industrial Production continues to show an upward movement.

  • Production, Inventories and Inventory Ratio increased, Shipments decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease in April and increase in May.
  • 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 101.8 0.3 109.6 7.0
Shipments 102.2 -1.2 112.9 5.6
Inventories 106.1 1.8 99.1 -1.0
Inventory Ratio 105.9 2.6 88.8 -6.2

1. Changes in Production

(1)Industrial Production

Industrial Production in March increased 0.3% from the previous month, showing an increase for the first time in two months. It showed an increase of 7.0% from the previous year. The index in March was 101.8(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.Transport equipment, 2.Electronic parts and devices, 3.Ceramics, stone and clay products, in that order.

Commodities that mainly contributed to the increase are as follows: 1.Large passenger cars, 2.Turbine generators for general use, 3.Solar battery cells, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease 1.4% in April and increase 0.1% in May.

Survey of Production Forecast

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

2010 average=100
  March,
2014
April,
2014
May,
2014
Survey in March, 2014 0.5 -0.6  
Survey in April, 2014   -1.4 0.1

Industries that mainly contributed to the decrease in April are as follows: 1.Electronic parts and devices, 2.Fabricated metals, 3.Transport equipment, in that order.

Industries that mainly contributed to the increase in May are as follows: 1.Transport equipment, 2.Electronic parts and devices, 3.Fabricated metals, in that order.

The Realization Ratio*2 in March was 0.0%. The Amendment Ratio*3 in April was -0.8%.

*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 March decreased 1.2% from the previous month, showing a decrease for the second consecutive month. It showed an increase of 5.6% from the previous year. The index in March was 102.2(seasonally adjusted).

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

3.Changes in Inventories

Inventories in March increased 1.8% from the previous month, showing an increase for the first time in eight months. It showed a decrease of 1.0% from the previous year. The index in March was 106.1(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.Transport equipment, 2.Iron and steel, 3.Electronic parts and devices, in that order.

Inventory Ratio in March increased 2.6% from the previous month, showing an increase for the second consecutive month. It showed a decrease of 6.2% from the previous year. The index in March was 105.9(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: April 30, 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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