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Indices of Industrial Production

Outline of the result

Preliminary report for December, 2014 (published at 8:50, January 30, 2015)

Indices of Industrial Production

Industrial Production shows signs of increase at a moderate pace.

  • Production and Shipments increased, Inventories and Inventory Ratio decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in January and decrease in February.
  • Industrial Production shows signs of increase at a moderate pace.
2010 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change from the previous month(%) Indices Percent change from the previous year (%)
Production 98.9 1.0 100.3 0.3
Shipments 98.3 1.1 101.2 0.4
Inventories 112.0 -0.4 112.2 6.1
Inventory Ratio 112.2 -4.1 109.4 7.8
1. Changes in Production

(1)Industrial Production

Industrial Production in December increased 1.0% from the previous month, showing an increase for the first time in two months. It showed an increase of 0.3% from the previous year. The index in December was 98.9(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.Electronic parts and devices, 2.Information and communication electronics equipment, 3.Chemicals (excl. Drugs), in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 6.3% in January and decrease 1.8% in February.

Survey of Production Forecast

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

2010 average=100
  December,
2014
January,
2015
February,
2015
Survey in January, 2015   6.3 -1.8
Survey in December, 2014 3.2 5.7  

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.

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

The Realization Ratio*2 in December was -1.5%. The Amendment Ratio*3 in January was -0.9%.

*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 December increased 1.1% from the previous month, showing an increase for the first time in two months. It showed an increase of 0.4% from the previous year. The index in December was 98.3(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.Electronic parts and devices, 2.Electrical machinery, 3.Information and communication electronics equipment, in that order.

3.Changes in Inventories

Inventories in December decreased 0.4% from the previous month, showing an increase for the first time in two months. It showed an increase of 6.1% from the previous year. The index in December was 112.0(seasonally adjusted).

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

Inventory Ratio in December decreased 4.1% from the previous month, showing an decrease for the first time in three months. It showed an increase of 7.8% from the previous year. The index in December was 112.2(seasonally adjusted).

Details of the result

Report on IIP
Time-series data of each index, Indices classified by Industry, Indices classified by use of Goods.
Infographics of IIP
Contribution ratio by industry of IIP, Changes in the Inventory Cycle, The balance between Shipments and Inventories.
Time-series data etc.
Excel and csv files of each index (Year, Fiscal Year, Quarter, Month), connected indices, Indices of Industrial Production Weight, etc.
Results in the past
Outline of the result, Report on IIP, Infographcs of IIP, in the past
Release date of Indices of Industrial Production
We have published the release date of the Indices of Industrial Production(November, 2014 - February, 2016). Please click the above-mentioned.
(published at 8:50 a.m., December 26, 2014)

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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: January 30, 2015
Ministry of Economy, Trade and Industry
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