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Indices of Industrial Production

Preliminary report for September, 2014

Statistics report

[Highlights]

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

Indices of Industrial Production

Industrial Production fluctuates indecisively.

  • Production and Shipments increased, Inventories and Inventory Ratio decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease in October and increase in November.
  • Industrial Production fluctuates indecisively.
.
2010 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change from the previous month(%) Indices Percent change from the previous year (%)
Production 97.8 2.7 102.8 0.6
Shipments 97.9 4.3 104.7 1.7
Inventories 111.7 ▲0.8 110.3 3.9
Inventory Ratio 111.7 ▲5.7 105.7 3.2

1. Changes in Production

(1)Industrial Production

Industrial Production in September increased 2.7% from the previous month, showing an increase for the first time in two months. It showed an increase of 0.6% from the previous year. The index in September was 97.8(seasonally adjusted).

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

(2)Survey of Production Forecast*1 (for October and November)

According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease 0.1% in October and increase 1.0% in November.

Survey of Production Forecast

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

2010 average=100
  September,
2014
October,
2014
November,
2014
Survey in September, 2014 6.0 ▲0.2  
Survey in October, 2014   ▲0.1 1.0

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

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

The Realization Ratio*2 in September was -0.4%. The Amendment Ratio*3 in October was -0.3%.

*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 September increased 4.3% from the previous month, showing an increase for the first time in two months. It showed an increase of 1.7% from the previous year. The index in September was 97.9(seasonally adjusted).

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

3.Changes in Inventories

Inventories in September decreased 0.8% from the previous month, showing a decrease for the first time in five months. It showed an increase of 3.9% from the previous year. The index in September was 111.7(seasonally adjusted).

Industries that mainly contributed to the decrease are as follows: 1.Electrical machinery, 2.Iron and steel, 3.Ceramics, stone and clay products, in that order.

Inventory Ratio in September decreased 5.7% from the previous month, showing a decrease for the first time in two months. It showed an increase of 3.2% from the previous year. The index in September was 111.7(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: October 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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