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Indices of Industrial Production

Preliminary report for April, 2014

Statistics report

[Highlights]

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

Indices of Industrial Production

Industrial Production appears to be flat.

  • Production, Shipments, Inventories and Inventory Ratio decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in May and decrease in June.
  • Industrial Production appears to be flat.
.
2010 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change from the previous month(%) Indices Percent change from the previous year (%)
Production 99.6 -2.5 96.6 4.1
Shipments 98.0 -5.0 93.4 2.4
Inventories 105.2 -0.5 100.5 -1.9
Inventory Ratio 103.5 -1.8 102.2 -4.3

1. Changes in Production

(1)Industrial Production

Industrial Production in April decreased 2.5% from the previous month, showing a decrease for the first time in two months. It showed an increase of 4.1% from the previous year. The index in April was 99.6(seasonally adjusted).

Industries that mainly contributed to the decrease are as follows: 1.Transport equipment, 2.Electronic parts and devices, 3.Chemicals (excl. Drugs), in that order.

Commodities that mainly contributed to the decrease are as follows: 1.Large passenger cars, 2.Solar battery cells, 3.Planography printing (offset printing), in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 1.7% in May and decrease 2.0% in June.

Survey of Production Forecast

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

2010 average=100
  April,
2014
May,
2014
June,
2014
Survey in April, 2014 -1.4 0.1  
Survey in May, 2014   1.7 -2.0

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

Industries that mainly contributed to the decrease in June are as follows: 1.Transport equipment, 2.Electrical machinery, 3.Others, in that order.

The Realization Ratio*2 in April was -1.9%. The Amendment Ratio*3 in May 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 April decreased 5.0% from the previous month, showing a decrease for the third consecutive month. It showed an increase of 2.4% from the previous year. The index in April was 98.0(seasonally adjusted).

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

3.Changes in Inventories

Inventories in April decreased 0.5% from the previous month, showing a decrease for the first time in two months. It showed a decrease of 1.9% from the previous year. The index in April was 105.2(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 April decreased 1.8% from the previous month, showing a decrease for the first time in three months. It showed a decrease of 4.3% from the previous year. The index in April was 103.5(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: May 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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