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Indices of Industrial Production

Preliminary report for October, 2014

Statistics report

[Highlights]

Preliminary Report for October, 2014
(published at 8:50a.m., November 28, 2014)

Indices of Industrial Production

Industrial Production fluctuates indecisively.

  • Production, Shipments and Inventory Ratio increased, Inventories decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in November and December.
  • 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 98.2 0.2 101.2 -1.0
Shipments 98.4 0.4 99.7 -0.6
Inventories 111.4 -0.4 113.9 3.9
Inventory Ratio 112.4 0.9 112.6 6.5
1. Changes in Production

(1)Industrial Production

Industrial Production in October increased 0.2% from the previous month, showing an increase for the second consecutive month. It showed an decrease of 1.0% from the previous year. The index in October was 98.2(seasonally adjusted).

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

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 2.3% in November and increase 0.4% in December.

Survey of Production Forecast

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

2010 average=100
  October,
2014
November,
2014
December,
2014
Survey in November, 2014   2.3 0.4
Survey in October, 2014 -0.1 1.0  

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

Industries that mainly contributed to the increase in December are as follows: 1.Electrical machinery, 2.Transport equipment, 3.Iron and steel, in that order.

The Realization Ratio*2 in October was -1.7%. The Amendment Ratio*3 in November 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 October increased 0.4% from the previous month, showing an increase for the second consecutive month. It showed an decrease of 0.6% from the previous year. The index in October was 98.4(seasonally adjusted).

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

3.Changes in Inventories

Inventories in October decreased 0.4% from the previous month, showing a decrease for the second consecutive month. It showed an increase of 3.9% from the previous year. The index in October was 111.4(seasonally adjusted).

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

Inventory Ratio in October increased 0.9% from the previous month, showing a increase for the first time in two months. It showed an increase of 6.5% from the previous year. The index in October was 112.4(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: November 28, 2014
Ministry of Economy, Trade and Industry
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