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Indices of Industrial Production

Preliminary Report for March 2025 (released at 8:50, April 30, 2025)

  • 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 April and May.
2020 average=100
Seasonally Adjusted Index Original Index
index Percent change from the previous month(%) index Percent change from the previous year (%)
Production 101.1 -1.1 109.7 -0.3
Shipments 98.7 -2.8 108.7 -1.3
Inventories 101.8 0.9 98.6 -1.0
Inventory Ratio 107.4 4.5 97.5 0.7

* Annual data revision was implemented since January 2024 in the Revised Report for January 2025.

Industrial Production

Industries that mainly contributed to the decreased
1.Motor vehicles, 2.Electrical machinery, and Information and communication electronics equipment, 3.General-purpose and business oriented machinery, in that order.
Industries that mainly contributed to the increased
1.Production machinery, 2.Transport equipment (excl. motor vehicles), 3.Inorganic and organic chemicals, in that order.

Shipments

Industries that mainly contributed to the decreased
1.Motor vehicles, 2.Electrical machinery, and Information and communication electronics equipment, 3.Iron, steel and Non-ferrous metals, in that order.
Industries that mainly contributed to the increased
1.Production machinery, 2.Petroleum and coal products, in that order.

Inventories

Industries that mainly contributed to the increased
1.Iron, steel and Non-ferrous metals, 2.Inorganic and organic chemicals, 3.Electrical machinery, and Information and communication electronics equipment, in that order.
Industries that mainly contributed to the decreased
1.Motor vehicles, 2.Fabricated metals, 3.Production machinery, in that order.

Indices of Industrial Production Forecast*1

Seasonally Adjusted Index
Percent change from the previous month(%)
April 2025 May 2025
Survey in April 2025 1.3 3.9
Survey in March 2025 0.1
Industries that mainly contributed to the increased in April
1.Electrical machinery, and Information and communication electronics equipment, 2.Chemicals, 3.Petroleum products, in that order.
Industries that mainly contributed to the increased in May
1.Transport equipment, 2.Electrical machinery, and Information and communication electronics equipment, 3.General-purpose and business oriented machinery, in that order.

*1:Indices of Industrial 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:Annual data revision was implemented since December(Next Month) 2023 in the Report for March 2025.

data download

Report on IIP( Production, shipments and Inventories )PDF file
Historical data of each index, Indices classified by Industry, Indices classified by Goods.
Historical data etc.(data download)
Excel and csv files of each index (Year, Fiscal Year, Quarter, Month), previous data, weight of Indices of Industrial Production, etc..
Results in the past
Outline of the result, Report on IIP in the past.
Release date of Indices of Industrial Production
We have published the release date of the Indices of Industrial Production(November 2024 - February 2026). Please click the above-mentioned.
(updated at December 27, 2024)
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Last updated:2025-4-30

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