|
< Major Indicators in Industrial Activities >
|
|
2006 |
2007 |
|
Annual |
3/4 |
Nov. |
3/4 |
Sep. |
Oct.p |
Nov.p |
|
Production |
Mining and Manufacturing1) |
Industrial Production Index |
Over the previous period |
- |
0.5 |
-0.2 |
4.1 |
0.0 |
3.2 |
-0.2 |
|
Year-on-year |
10.1 |
11.3 |
7.1 |
8.3 |
0.4 |
18.2 |
10.8 |
|
|
Working Day Adjusted |
10.6 |
10.5 |
7.1 |
11.3 |
12.6 |
6.7 |
10.3 |
|
- Manufacturing |
10.5 |
11.8 |
7.4 |
8.6 |
0.3 |
18.7 |
10.9 |
|
(Heavy Chemical Industry) |
12.6 |
13.9 |
8.6 |
11.0 |
3.0 |
20.1 |
12.9 |
|
(Light Industry) |
1.1 |
2.4 |
1.3 |
-3.4 |
-12.9 |
10.2 |
-0.2 |
|
Producer's Shipment Index |
7.8 |
9.2 |
5.3 |
7.0 |
-1.5 |
16.7 |
9.5 |
|
- Domestic |
4.5 |
3.8 |
4.6 |
2.7 |
-7.7 |
12.9 |
4.2 |
|
- Export |
11.9 |
15.7 |
6.2 |
11.6 |
5.5 |
20.8 |
15.6 |
|
Producer's Inventory Index2) |
6.2 |
6.5 |
7.1 |
4.4 |
4.4 |
6.5 |
6.1 |
|
Manufacturing |
Average Operation Ratio |
81.1 |
80.6 |
81.6 |
82.4 |
80.6 |
83.4 |
81.9 |
|
Production Capacity |
3.4 |
3.2 |
1.9 |
4.3 |
5.0 |
5.6 |
5.7 |
|
Service Industry |
Over the previous period |
- |
0.7 |
1.2 |
2.0 |
-1.1 |
1.7 |
1.4 |
|
Year-on-year |
5.2 |
4.5 |
5.7 |
6.9 |
3.7 |
9.3 |
7.8 |
|
Consumption |
Consumer Goods Trade |
Over the previous period |
- |
-0.2 |
0.6 |
3.3 |
2.8 |
-0.9 |
-1.2 |
|
Year-on-year |
4.7 |
2.9 |
5.1 |
8.6 |
8.5 |
8.4 |
5.9 |
|
Shipment of Domestic Consumer Goods |
4.9 |
5.3 |
4.4 |
1.8 |
-8.6 |
10.1 |
0.5 |
|
Investment |
Equipment |
Equipment Investment Index |
7.4 |
11.8 |
7.8 |
-1.9 |
-8.3 |
3.3 |
3.9 |
|
Domestic Machinery Orders Received |
18.8 |
21.0 |
16.6 |
14.8 |
11.5 |
30.4 |
34.0 |
|
Construction |
Domestic Construction Completed3) |
3.7 |
4.8 |
5.6 |
3.4 |
-7.2 |
7.9 |
3.3 |
|
Domestic Construction Orders Received3) |
9.0 |
37.1 |
44.9 |
-5.6 |
-9.8 |
104.7 |
36.3 |
Note : 1) Including Mining, Manufacturing, and Electricity & Gas 2) Data on inventory were collected and compiled at the end of the month, quarter, and year. 3) Data on Domestic Construction Completed and Domestic Construction Orders Received were collected and compiled at current value. |
< Composite Indexes of Business Indicators >
|
|
2007 |
|
July |
Aug. |
Sep.p |
Oct.p |
Nov.p |
|
Coincident Composite Index (Month-on-month, %) |
0.9 |
0.7 |
0.1 |
0.4 |
0.4 |
|
Cyclical Component of Coincident CI |
101.4 |
101.7 |
101.4 |
101.4 |
101.4 |
|
· Change from the Previous Month (p) |
0.5 |
0.3 |
-0.3 |
0.0 |
0.0 |
|
Leading Composite Index (Month-on-month, %) |
0.6 |
0.6 |
0.6 |
0.8 |
0.8 |
|
12-month Smoothed Change in Leading CI (%) |
6.0 |
6.3 |
6.5 |
7.0 |
7.3 |
|
· Change from the Previous Month (%p) |
0.4 |
0.3 |
0.2 |
0.5 |
0.3 |
|
1. Production Trend |
|
1) Mining and Manufacturing |
< Production >
The Industrial Production Index in November went down by 0.2 percent from the previous month, but went up by 10.8 percent from the same month last year.
|
|
2006 |
3/4 |
Nov. |
2007 |
|
3/4 |
Sep. |
Oct.p |
Nov.p |
|
Index |
Seasonally Adjusted |
- |
147.5 |
152.8 |
163.6 |
164.0 |
169.3 |
168.9 |
|
Not Seasonally Adjusted |
147.6 |
145.2 |
160.8 |
157.3 |
156.4 |
179.2 |
178.1 |
|
Percent Change |
Over the Previous Month (Quarter) |
- |
0.5 |
-0.2 |
4.1 |
0.0 |
3.2 |
-0.2 |
|
Year-on-year |
10.1 |
11.3 |
7.1 |
8.3 |
0.4 |
18.2 |
10.8 |
|
Working Day Adjusted |
10.6 |
10.5 |
7.1 |
11.3 |
12.6 |
6.7 |
10.3 |
< Shipment >
The Producer's Shipment Index in November increased by 1.1 percent from the previous month and by 9.5 percent from the same month last year.
|
|
2006 |
3/4 |
Nov. |
2007 |
|
3/4 |
Sep. |
Oct.p |
Nov.p |
|
Index |
Seasonally Adjusted |
- |
141.4 |
146.0 |
155.7 |
154.2 |
158.0 |
159.7 |
|
Not Seasonally Adjusted |
142.0 |
139.8 |
154.1 |
149.6 |
148.3 |
168.5 |
168.8 |
|
Percent Change |
Over the Previous Month (Quarter) |
- |
0.0 |
-0.6 |
2.7 |
-0.7 |
2.5 |
1.1 |
|
Year-on-year |
7.8 |
9.2 |
5.3 |
7.0 |
-1.5 |
16.7 |
9.5 |
< Inventory >
The Producer's Inventory Index in November decreased by 0.2 percent month-on-month, but increased by 6.1 percent year-on-year.
|
|
|
2007 |
|
June |
July |
Aug. |
Sep. |
Oct.p |
Nov.p |
|
Index |
Seasonally Adjusted |
138.0 |
139.2 |
139.9 |
140.1 |
142.9 |
142.6 |
|
Not Seasonally Adjusted |
137.4 |
140.0 |
139.2 |
136.6 |
140.1 |
139.3 |
|
Percent Change |
Over the Previous Month (Quarter) |
0.9 |
0.9 |
0.5 |
0.1 |
2.0 |
-0.2 |
|
Year-on-year |
2.8 |
3.1 |
5.7 |
4.4 |
6.5 |
6.1 |
|
Proportion of Inventory to Shipment |
90.6 |
88.6 |
90.7 |
91.4 |
90.8 |
89.8 |
< Manufacturing Production Capacity and Operation Ratio >
The Production Capacity Index in November increased by 5.7 percent year-on-year.
|
(2000=100, year-on-year, %) |
|
|
2006 |
3/4 |
Nov. |
2007 |
|
3/4 |
Sep. |
Oct.p |
Nov.p |
|
Production Capacity Index |
123.1 |
122.7 |
124.3 |
128.0 |
128.7 |
131.1 |
131.4 |
|
Year-on-year |
3.4 |
3.2 |
1.9 |
4.3 |
5.0 |
5.6 |
5.7 |
|
· Semiconductors and Components |
18.1 |
16.4 |
7.9 |
17.6 |
21.2 |
22.3 |
22.3 |
|
· Machinery equipment |
-0.8 |
-0.6 |
-0.5 |
9.5 |
9.5 |
10.2 |
9.9 |
The Operation Ratio Index fell by 1.8 percent from the previous month, but grew by 0.5 percent from the same month last year.
|
|
2006 |
3/4 |
Nov. |
2007 |
|
3/4 |
Sep. |
Oct.p |
Nov.p |
|
Index |
Seasonally Adjusted |
- |
102.7 |
104.0 |
105.0 |
102.7 |
106.2 |
104.3 |
|
Not Seasonally Adjusted |
103.1 |
100.8 |
109.7 |
100.2 |
96.8 |
111.7 |
110.2 |
|
Percent Change |
Over the Previous Month (Quarter) |
- |
-0.1 |
-0.3 |
-0.4 |
-3.5 |
3.4 |
-1.8 |
|
Year-on-year |
1.0 |
2.1 |
0.9 |
-0.6 |
-11.5 |
10.4 |
0.5 |
The Manufacturing Average Operation Ratio stood at 81.9 percent, down 1.5 percentage points from the previous month.
|
|
2006 |
3/4 |
Nov. |
2007 |
|
3/4 |
Sep. |
Oct.p |
Nov.p |
|
Average Operation Ratio |
81.1 |
80.6 |
81.6 |
82.4 |
80.6 |
83.4 |
81.9 |
|
Change from the Previous Period |
1.4 |
-0.1 |
-0.3 |
-0.4 |
-2.9 |
2.8 |
-1.5 |
The Service Industry Activity Index in November rose by 1.4 percent month-on-month and by 7.8 percent year-on-year.
|
|
2006 |
3/4 |
Nov. |
2007 |
|
3/4 |
Sep. |
Oct.p |
Nov.p |
|
Index |
Seasonally Adjusted |
- |
129.0 |
132.6 |
139.0 |
138.0 |
140.3 |
142.3 |
|
Not Seasonally Adjusted |
129.0 |
128.5 |
132.5 |
137.4 |
137.4 |
141.0 |
142.9 |
|
Percent Change |
Over the Previous Month (Quarter) |
- |
0.7 |
1.2 |
2.0 |
-1.1 |
1.7 |
1.4 |
|
Year-on-year |
5.2 |
4.5 |
5.7 |
6.9 |
3.7 |
9.3 |
7.8 |
|
|
The Consumer Goods Trade Index in November dropped by 1.2 percent month-on-month, but expanded by 5.9 percent year-on-year.
|
|
2006 |
3/4 |
Nov. |
2007 |
|
3/4 |
Sep. |
Oct.p |
Nov.p |
|
Index |
Seasonally Adjusted |
- |
126.2 |
129.9 |
137.4 |
140.3 |
139.0 |
137.3 |
|
Not Seasonally Adjusted |
126.7 |
122.4 |
134.1 |
132.9 |
140.0 |
140.7 |
142.0 |
|
Percent Change |
Over the Previous Month (Quarter) |
- |
-0.2 |
0.6 |
3.3 |
2.8 |
-0.9 |
-1.2 |
|
Year-on-year |
4.7 |
2.9 |
5.1 |
8.6 |
8.5 |
8.4 |
5.9 |
|
3. Composite Indexes of Business Indicators |
< Coincident Index >
The Coincident CI increased 0.4 percent from the previous month.
The Cyclical Component of Coincident CI, which reflects current business conditions, remained the same level from September.
|
|
2007 |
|
April |
May |
June |
July |
Aug. |
Sep. |
Oct.p |
Nov.p |
|
○ Coincident Index (Month-on-month, %) |
0.5 |
0.3 |
0.8 |
0.9 |
0.7 |
0.1 |
0.4 |
0.4 |
|
○ Cyclical Component of Coincident CI |
100.6 |
100.5 |
100.9 |
101.4 |
101.7 |
101.4 |
101.4 |
101.4 |
|
- Change from the Previous Month (p) |
0.1 |
-0.1 |
0.4 |
0.5 |
0.3 |
-0.3 |
0.0 |
0.0 |
< Leading Index >
The Leading CI rose by 0.8 percent from the previous month.
The 12-month Smoothed Change in Leading CI, which predicts the turning point of economic trends, went up by 0.3 percentage points from the previous month.
|
|
2007 |
|
April |
May |
June |
July |
Aug. |
Sep.p |
Oct.p |
Nov.p |
|
○ Leading Index (Month-on-month, %) |
0.7 |
0.4 |
0.9 |
0.6 |
0.6 |
0.6 |
0.8 |
0.8 |
|
○ 12-month Smoothed Change in Leading CI (%) |
5.1 |
5.1 |
5.6 |
6.0 |
6.3 |
6.5 |
7.0 |
7.3 |
|
- Change from the Previous Month (%p) |
0.3 |
0.0 |
0.5 |
0.4 |
0.3 |
0.2 |
0.5 |
0.3 |
|