|
1. Composite Indexes of Business Indicators |
< Coincident Index >
 The Coincident CI went down by 0.3 percent from the previous month.
The Cyclical Component of Coincident CI, which reflects current business conditions, went down by 0.7 point from the previous month.
|
|
2005 |
2006 |
|
Dec. |
Jan. |
Feb. |
March |
April |
May |
Junep |
Julyp |
|
○ Coincident Index (Month-on-month, %) |
0.7 |
1.0 |
0.1 |
0.5 |
-0.1 |
0.3 |
0.4 |
-0.3 |
|
○ Cyclical Component of Coincident CI |
100.1 |
100.8 |
100.5 |
100.5 |
100.0 |
99.9 |
99.8 |
99.1 |
|
- Change from the Previous Month (p) |
0.2 |
0.7 |
-0.3 |
0.0 |
-0.5 |
-0.1 |
-0.1 |
-0.7 |
< Leading Index >
The Leading CI grew by 0.2 percent from the previous month.
The 12-month Smoothed Change in Leading CI, which predicts the turning point of economic trends, dropped by 0.5 percentage point from the previous month.
|
|
2005 |
2006 |
|
Dec. |
Jan. |
Feb. |
March |
April |
Mayp |
Junep |
Julyp |
|
○ Leading Index (Month-on-month, %) |
0.9 |
1.0 |
0.1 |
0.0 |
-0.3 |
0.1 |
0.1 |
0.2 |
|
○ 12-month Smoothed Change in Leading CI (%) |
6.8 |
7.5 |
7.1 |
6.6 |
5.8 |
5.3 |
4.8 |
4.3 |
|
- Change from the Previous Month (%p) |
0.8 |
0.7 |
-0.4 |
-0.5 |
-0.8 |
-0.5 |
-0.5 |
-0.5 |
|
2. Production Trend |
 The Industrial Production Index marked 141.0 (SA, 2000=100), down 3.9 percent from the previous month. The seasonally unadjusted Index marked 136.7 (NSA, 2000=100), up 4.4 percent from the same month last year.
< Industrial production trend >
|
|
2005 |
2/4 |
July |
4/4 |
2006 |
|
1/4 |
2/4p |
May |
Junep |
Julyp |
|
Index |
Seasonally Adjusted |
- |
129.5 |
132.5 |
140.9 |
145.2 |
144.6 |
144.9 |
146.7 |
141.0 |
|
Seasonally Unadjusted |
134.1 |
131.6 |
131.0 |
147.3 |
142.4 |
146.0 |
147.8 |
146.1 |
136.7 |
|
Percent Change |
Over the Previous Month (Quarter) |
- |
0.0 |
0.7 |
5.5 |
3.1 |
-0.4 |
1.8 |
1.2 |
-3.9 |
|
Year-on-year |
6.3 |
3.5 |
7.0 |
10.3 |
12.0 |
10.9 |
12.1 |
10.9 |
4.4 |
|
Working Day Adjusted |
6.9 |
3.7 |
9.6 |
11.7 |
10.2 |
11.6 |
12.1 |
10.9 |
7.4 |
< Shipment >
The Producer's Shipment Index recorded 135.5 (SA, 2000=100), a decrease of 4.0 percent from the previous month. The seasonally unadjusted Index marked 129.9 (NSA, 2000=100), an increase of 1.3 percent from the same month last year.
< hipment trend >
|
|
2005 |
2/4 |
July |
4/4 |
2006 |
|
1/4 |
2/4p |
May |
Junep |
Julyp |
|
Index |
Seasonally Adjusted |
- |
127.6 |
131.1 |
136.9 |
139.6 |
139.3 |
139.4 |
141.2 |
135.5 |
|
Seasonally Unadjusted |
131.7 |
129.9 |
128.2 |
143.2 |
137.0 |
140.8 |
142.2 |
141.0 |
129.9 |
|
Percent Change |
Over the Previous Month (Quarter) |
- |
-0.3 |
0.5 |
4.2 |
2.0 |
-0.2 |
1.5 |
1.3 |
-4.0 |
|
Year-on-year |
5.6 |
3.5 |
6.5 |
8.6 |
9.1 |
8.4 |
10.0 |
7.6 |
1.3 |
The Domestic Shipment Index fell 6.3 percent, and the Export Shipment Index increased 11.9 percent year-on-year.
|
|
2005 |
2/4 |
July |
4/4 |
2006 |
|
1/4 |
2/4p |
May |
Junep |
Julyp |
|
Domestic shipment |
2.3 |
1.0 |
5.5 |
5.5 |
6.7 |
4.7 |
6.2 |
4.1 |
-6.3 |
|
Export shipment |
10.3 |
7.3 |
8.0 |
12.9 |
12.4 |
13.7 |
15.3 |
12.6 |
11.9 |
As for domestic shipment by use, Capital Goods, Intermediate Goods, and Consumer Goods decreased 8.1 percent, 8.3 percent and 2.2 percent, respectively.
|
|
2005 |
2/4 |
July |
4/4 |
2006 |
|
1/4 |
2/4p |
May |
Junep |
Julyp |
|
· Capital Goods |
0.9 |
-1.6 |
5.0 |
1.7 |
5.4 |
4.7 |
10.7 |
2.7 |
-8.1 |
|
· Intermediate Goods |
2.2 |
1.2 |
6.3 |
5.1 |
7.7 |
4.8 |
5.7 |
4.1 |
-8.3 |
|
· Consumer Goods |
2.1 |
0.4 |
4.1 |
7.3 |
6.5 |
5.2 |
6.4 |
5.0 |
-2.2 |
|
|
Durable Goods |
5.8 |
2.5 |
13.4 |
17.4 |
14.7 |
12.5 |
13.7 |
14.1 |
-5.0 |
|
|
Non-durable Goods |
0.6 |
0.0 |
0.8 |
3.7 |
3.7 |
2.4 |
3.5 |
1.5 |
0.2 |
< Inventory >
The Producer's Inventory Index stood at 135.6 (SA, 2000=100), which expanded 0.9 percent from the previous month. The seasonally unadjusted Index increased by 7.1 percent from the same month last year to 135.7 (NSA, 2000=100).
< Inventory trend >
|
|
|
2006 |
|
Feb. |
March |
April |
May |
Junep |
Julyp |
|
Index |
Seasonally Adjusted |
127.5 |
130.4 |
131.3 |
133.8 |
134.4 |
135.6 |
|
Seasonally Unadjusted |
130.6 |
132.3 |
132.3 |
134.3 |
133.2 |
135.7 |
|
Percent Change |
Over the Previous Month (Quarter) |
1.0 |
2.3 |
0.7 |
1.9 |
0.4 |
0.9 |
|
Year-on-year |
2.6 |
3.7 |
3.5 |
4.8 |
7.2 |
7.1 |
|
Inventory rate |
93.0 |
95.1 |
96.3 |
96.8 |
95.9 |
100.8 |
< Manufacturing Operation Ratio >
The Manufacturing Average Operation Ratio stood at 76.9 percent, down 5.1 percentage point from the previous month.
|
|
2006 |
|
Jan. |
Feb. |
March |
April |
May |
Junep |
Julyp |
|
Average Operation Ratio |
83.5 |
80.9 |
81.5 |
79.0 |
80.6 |
82.0 |
76.9 |
|
Change from the Previous Month |
4.1 |
-2.6 |
0.6 |
-2.5 |
1.6 |
1.4 |
-5.1 |
The Operation Ratio Index recorded 97.9 (SA, 2000=100), which fell 6.2 percent from the previous month. The seasonally unadjusted Index marked 94.9 (NSA, 2000=100), which fell 6.8 percent from the same month last year.
|
|
2006 |
|
Jan. |
Feb. |
March |
April |
May |
Junep |
Julyp |
|
Index |
Seasonally Adjusted |
106.4 |
103.1 |
103.8 |
100.7 |
102.7 |
104.4 |
97.9 |
|
Seasonally Unadjusted |
99.9 |
97.5 |
109.3 |
103.4 |
106.0 |
105.6 |
94.9 |
|
Percent Change |
Month-on-month |
5.1 |
-3.1 |
0.7 |
-3.0 |
2.0 |
1.7 |
-6.2 |
|
Year-on-year |
-2.7 |
12.3 |
0.6 |
-1.3 |
1.9 |
1.9 |
-6.8 |
The Production Capacity Index recorded 122.5 (NSA, 2000=100), up 3.4 percent year-on-year.
|
|
2005 |
2/4 |
July |
4/4 |
2006 |
|
1/4 |
2/4p |
May |
Junep |
Julyp |
|
Production Capacity Index |
119.0 |
118.1 |
118.5 |
121.7 |
122.1 |
122.3 |
122.4 |
122.4 |
122.5 |
|
Year-on-year |
3.4 |
2.4 |
2.5 |
4.5 |
4.2 |
3.6 |
3.4 |
3.3 |
3.4 |
|
· Semiconductors |
15.9 |
10.4 |
11.6 |
23.9 |
27.1 |
22.2 |
20.1 |
19.8 |
18.8 |
|
· Textiles |
-8.5 |
-7.5 |
-9.1 |
-9.8 |
-8.6 |
-6.0 |
-5.8 |
-5.6 |
-6.1 |
< Major Indicators in Industrial Activities >
|
|
2005 |
2006 |
|
Annual |
2/4 |
July |
4/4 |
1/4 |
2/4p |
May |
Junep |
Julyp |
|
Production |
Industrial Production Index |
Over the previous period |
- |
0.0 |
0.7 |
5.5 |
3.1 |
-0.4 |
1.8 |
1.2 |
-3.9 |
|
Year-on-year |
6.3 |
3.5 |
7.0 |
10.3 |
12.0 |
10.9 |
12.1 |
10.9 |
4.4 |
|
|
Working Day Adjusted |
6.9 |
3.7 |
9.6 |
11.7 |
10.2 |
11.6 |
12.1 |
11.4 |
7.4 |
|
·Manufacturing |
6.2 |
3.4 |
7.3 |
10.4 |
12.6 |
11.4 |
12.6 |
11.4 |
4.7 |
|
(Heavy Chemical Industry) |
8.4 |
4.9 |
9.6 |
13.1 |
14.7 |
14.0 |
15.4 |
13.8 |
6.5 |
|
(Light Industry) |
-2.8 |
-2.9 |
-2.1 |
-1.0 |
3.3 |
0.1 |
0.2 |
0.5 |
-3.6 |
|
Producer's Shipment Index |
5.6 |
3.5 |
6.5 |
8.6 |
9.1 |
8.4 |
10.0 |
7.6 |
1.3 |
|
·Domestic |
2.3 |
1.0 |
5.5 |
5.5 |
6.7 |
4.7 |
6.2 |
4.1 |
-6.3 |
|
·Export |
10.3 |
7.3 |
8.0 |
12.9 |
12.4 |
13.7 |
15.3 |
12.6 |
11.9 |
|
Producer's Inventory Index |
2.4 |
7.2 |
7.9 |
2.4 |
3.7 |
7.2 |
4.8 |
7.2 |
7.1 |
|
Average Operation Ratio |
79.8 |
79.4 |
80.9 |
80.2 |
82.0 |
80.5 |
80.6 |
82.0 |
76.9 |
|
Production Capacity |
3.4 |
2.4 |
2.5 |
4.5 |
4.2 |
3.6 |
3.4 |
3.3 |
3.4 |
|
Consumption |
Consumer's Goods Trade |
Over the previous period |
- |
1.9 |
0.7 |
2.2 |
-1.3 |
2.3 |
1.5 |
1.1 |
-5.0 |
|
Year-on-year |
3.9 |
3.4 |
5.1 |
6.8 |
5.0 |
5.5 |
5.8 |
5.6 |
-0.5 |
|
Shipment of Domestic Consumer's Goods |
2.1 |
0.4 |
4.1 |
7.3 |
6.5 |
5.2 |
6.4 |
5.0 |
-2.2 |
|
Investment |
Equipment |
Equipment Investment Index |
3.4 |
1.4 |
4.3 |
7.0 |
4.3 |
4.2 |
2.5 |
3.0 |
4.2 |
|
Domestic Machinery Orders Received |
1.5 |
-12.2 |
26.2 |
17.5 |
11.2 |
20.8 |
12.6 |
34.8 |
-2.7 |
|
Construction |
Domestic Construction Completed |
5.7 |
9.6 |
4.5 |
6.9 |
5.8 |
1.4 |
1.0 |
1.1 |
-0.7 |
|
Domestic Construction Orders Received |
9.5 |
38.5 |
6.3 |
-17.9 |
-9.7 |
-14.1 |
-17.9 |
-7.7 |
7.3 |
|
Note) Data on inventory were collected and compiled at the end of the month, quarter, and year. Data on Domestic Machinery Orders Received(Excluding vessels), Domestic Construction Completed and Domestic Construction Orders Received were collected and compiled at current value. |
< Coincident Indexes of Business Indicators >
|
|
2006 |
|
March |
April |
Mayp |
Junep |
Julyp |
|
Coincident Index (Month-on-month) |
0.5 |
-0.1 |
0.3 |
0.4 |
-0.3 |
|
Cyclical Component of Coincident CI |
100.5 |
100.0 |
99.9 |
99.8 |
99.1 |
|
·Change from the Previous Month |
0.0 |
-0.5 |
-0.1 |
-0.1 |
-0.7 |
|
Leading Index (Month-on-month) |
0.0 |
-0.3 |
0.1 |
0.1 |
0.2 |
|
12-month Smoothed Change in Leading CI |
6.6 |
5.8 |
5.3 |
4.8 |
4.3 |
|
·Change from the Previous Month |
-0.5 |
-0.8 |
-0.5 |
-0.5 |
-0.5 |
|
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