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Indices of Industrial Production

Preliminary report for May, 2014

Statistics report

[Highlights]

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

Indices of Industrial Production

Industrial Production appears to be flat.

  • Production, Inventories and Inventory Ratio increased, Shipments decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease in June and increase in July.
  • 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 99.8 0.5 93.8 0.8
Shipments 96.8 -1.2 90.7 -1.0
Inventories 108.3 2.9 107.1 0.8
Inventory Ratio 107.3 3.5 112.9 0.9

1. Changes in Production

(1)Industrial Production

Industrial Production in May increased 0.5% from the previous month, showing an increase for the first time in two months. It showed an increase of 0.8% from the previous year. The index in May was 99.8(seasonally adjusted).

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

Commodities that mainly contributed to the increase are as follows: 1.Reaction vessels, 2.Machining centers, 3.Large passenger cars, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease 0.7% in June and increase 1.5% in July.

Survey of Production Forecast

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

2010 average=100
  May,
2014
June,
2014
July,
2014
Survey in May, 2014 1.7 -2.0  
Survey in June, 2014   -0.7 1.5

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

Industries that mainly contributed to the increase in July are as follows: 1.General-purpose, production and business oriented machinery, 2.Chemicals, 3.Others, in that order.

The Realization Ratio*2 in May was -2.6%. The Amendment Ratio*3 in June was -1.3%.

*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 May decreased 1.2% from the previous month, showing a decrease for the fourth consecutive month. It showed a decrease of 1.0% from the previous year. The index in May was 96.8(seasonally adjusted).

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

3.Changes in Inventories

Inventories in May increased 2.9% from the previous month, showing an increase for the first time in two months. It showed an increase of 0.8% from the previous year. The index in May was 108.3(seasonally adjusted).

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

Inventory Ratio in May increased 3.5% from the previous month, showing an increase for the first time in two months. It showed an increase of 0.9% from the previous year. The index in May was 107.3(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: June 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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