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Indices of Industrial Production

Preliminary Report for February 2026 (released at 8:50, March 31, 2026)

  • 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 March and April.
2020 average=100
Seasonally Adjusted Index Original Index
index Percent change from the previous month(%) index Percent change from the previous year (%)
Production 102.3 -2.1 97.8 0.3
Shipments 100.5 -1.6 96.7 -0.2
Inventories 98.1 0.3 98.5 -3.4
Inventory Ratio 103.5 2.3 108.8 -1.0

* Annual data revision was implemented since January 2025 in the Revised Report for January 2026.

Industrial Production

Industries that mainly contributed to the decreased
1.Motor vehicles, 2.Fabricated metals, 3.Electronic parts and devices, in that order.
Industries that mainly contributed to the increased
1.Iron, steel and Non-ferrous metals, 2.Chemicals (excl. Inorganic, organic chemicals, and medicine), 3.Pulp, paper and paper products, in that order.

Shipments

Industries that mainly contributed to the decreased
1.Electronic parts and devices, 2.Inorganic and organic chemicals, 3.Petroleum and coal products, in that order.
Industries that mainly contributed to the increased
1.Motor vehicles, 2.Transport equipment (excl. motor vehicles), 3.Electrical machinery, and Information and communication electronics equipment, in that order.

Inventories

Industries that mainly contributed to the increased
1.Iron, steel and Non-ferrous metals, 2.Production machinery, 3.Petroleum and coal products, in that order.
Industries that mainly contributed to the decreased
1.Motor vehicles, 2.Inorganic and organic chemicals, 3.Fabricated metals, in that order.

Indices of Industrial Production Forecast*1

Seasonally Adjusted Index
Percent change from the previous month(%)
March 2026 April 2026
Survey in March 2026 3.8 3.3
Survey in February 2026 -2.0
Industries that mainly contributed to the increased in March
1.Production machinery, 2.Electrical machinery, and Information and communication electronics equipment, 3.Electronic parts and devices, in that order.
Industries that mainly contributed to the increased in April
1.Production machinery, 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) 2024 in the Report for March 2026.

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 2025 - February 2027). Please click the above-mentioned.
(updated at December 26, 2025)
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Last updated:2026-3-31

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