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Indices of Industrial Production

Preliminary report for July, 2014

Statistics report

[Highlights]

Preliminary Report for July, 2014
(published at 8:50a.m., August 29, 2014)

Indices of Industrial Production

Industrial Production has weakened.

  • Production, Shipments and Inventories increased, Inventory Ratio decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in August and September.
  • Industrial Production has weakened.
.
2010 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change from the previous month(%) Indices Percent change from the previous year (%)
Production 96.8 0.2 103.2 ▲0.9
Shipments 95.9 0.7 101.6 ▲0.1
Inventories 111.5 0.8 112.5 2.8
Inventory Ratio 108.9 ▲2.3 109.5 ▲0.3

1. Changes in Production

(1)Industrial Production

Industrial Production in July increased 0.2% from the previous month, showing an increase for the first time in two months. It showed a decrease of 0.9% from the previous year. The index in July was 96.8(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.General-purpose, production and business oriented machinery, 2.Petroleum and coal products, 3.Textiles, in that order.

(2)Survey of Production Forecast*1 (for August and September)

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 1.3% in August and increase 3.5% in September.

Survey of Production Forecast

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

2010 average=100
  July,
2014
August,
2014
September,
2014
Survey in July, 2014 2.5 1.1  
Survey in August, 2014   1.3 3.5

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

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

The Realization Ratio*2 in July was -2.1%. The Amendment Ratio*3 in August was -1.9%.

*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 July increased 0.7% from the previous month, showing an increase for the first time in six months. It showed a decrease of 0.1% from the previous year. The index in July was 95.9(seasonally adjusted).

Industries that mainly contributed to the increase 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 July increased 0.8% from the previous month, showing an increase for the third consecutive month. It showed an increase of 2.8% from the previous year. The index in July was 111.5(seasonally adjusted).

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

Inventory Ratio in July decreased 2.3% from the previous month, showing a decrease for the first time in three months. It showed a decrease of 0.3% from the previous year. The index in July was 108.9(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: August 29, 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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