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Indices of Industrial Production

Outline of the result

Preliminary report for January, 2015 (published at 8:50, February 27, 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 February and decrease in March.
  • 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 102.6 4.0 93.6 -2.6
Shipments 103.9 5.8 93.7 -1.9
Inventories 111.0 -0.6 115.9 5.7
Inventory Ratio 108.1 -3.5 120.9 8.8
1. Changes in Production

(1)Industrial Production

Industrial Production in January increased 4.0% from the previous month, showing an increase for the second consecutive month. It showed an decrease of 2.6% from the previous year. The index in January was 102.6(seasonally adjusted).

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

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 0.2% in February and decrease 3.2% in March.

Survey of Production Forecast

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

2010 average=100
  January,
2015
February,
2015
March,
2015
Survey in February, 2015   0.2 -3.2
Survey in January, 2015 6.3 -1.8  

Industries that mainly contributed to the increase in February are as follows: 1.Chemicals, 2.Information and communication electronics equipment, 3.Pulp and paper, in that order.

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

The Realization Ratio*2 in January was -2.7%. The Amendment Ratio*3 in February was -0.7%.

*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 January increased 5.8% from the previous month, showing an increase for the second consecutive month. It showed an decrease of 1.9% from the previous year. The index in January was 103.9(seasonally adjusted).

Industries that mainly contributed to the increase are as follows: 1.General-purpose, production and business oriented machinery, 2.Transport equipment, 3.Electronic parts and devices, in that order.

3.Changes in Inventories

Inventories in January decreased 0.6% from the previous month, showing an decrease for the second consecutive month. It showed an increase of 5.7% from the previous year. The index in January was 111.0(seasonally adjusted).

Industries that mainly contributed to the decrease are as follows: 1.Iron and steel, 2.Transport equipment, 3.Information and communication electronics equipment, in that order.

Inventory Ratio in January decreased 3.5% from the previous month, showing an decrease for the second consecutive month. It showed an increase of 8.8% from the previous year. The index in January was 108.1(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)
Mechanism of and Way to Understand Indices of Industrial Production
Mechanism of the Indices of Industrial Production, explanation of the Indices of Industrial Production, etc..

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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: February 27, 2015
Ministry of Economy, Trade and Industry
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