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Indices of Industrial Production

Statistics Report

[Highlights]

Preliminary report for November, 2014
(published at 8:50, December 26, 2014)

Indices of Industrial Production

Industrial Production fluctuates indecisively.

  • Production and Shipments decreased, Inventories and Inventory Ratio increased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in December and January.
  • 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 -0.6 96.0 -3.8
Shipments 97.2 -1.4 95.5 -4.5
Inventories 112.4 1.0 115.8 6.4
Inventory Ratio 116.8 4.0 117.2 12.0
1. Changes in Production

(1)Industrial Production

Industrial Production in November decreased 0.6% from the previous month, showing a decrease for the first time in three months. It showed an decrease of 3.8% from the previous year. The index in November was 97.8(seasonally adjusted).

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

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 3.2% in December and increase 5.7% in January.

Survey of Production Forecast

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

2010 average=100
  November,
2014
December,
2014
January,
2015
Survey in December, 2014   3.2 5.7
Survey in November, 2014 2.3 0.4  

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

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

The Realization Ratio*2 in November was -2.8%. The Amendment Ratio*3 in December was -0.1%.

*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 November decreased 1.4% from the previous month, showing a decrease for the first time in three months. It showed an decrease of 4.5% from the previous year. The index in November was 97.2(seasonally adjusted).

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

3.Changes in Inventories

Inventories in November increased 1.0% from the previous month, showing an increase for the first time in three months. It showed an increase of 6.4% from the previous year. The index in November was 112.4(seasonally adjusted).

Industries that mainly contributed to the decrease are as follows: 1.Iron and steel, 2.Non-ferrous metals, 3.Electronic parts and devices, in that order.

Inventory Ratio in November increased 4.0% from the previous month, showing an increase for the second consecutive month. It showed an increase of 12.0% from the previous year. The index in November was 116.8(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: December 26, 2014
Ministry of Economy, Trade and Industry
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