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Indices of Industrial Production

Outline of the result

Preliminary report for February, 2015 (published at 8:50, March 30, 2015)

Indices of Industrial Production

Industrial Production shows signs of increase at a moderate pace.

  • Production and Shipments decreased, Inventories and Inventory Ratio increased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease in March and increase in April.
  • 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 -3.4 95.3 -2.6
Shipments 100.2 -3.4 95.3 -3.1
Inventories 111.8 0.5 115.0 7.3
Inventory Ratio 112.8 4.3 116.3 9.3
1. Changes in Production

(1)Industrial Production

Industrial Production in February decreased 3.4% from the previous month, showing a decrease for the first time in three months. It showed an decrease of 2.6% from the previous year. The index in February was 98.9(seasonally adjusted).

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

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease 2.0% in March and increase 3.6% in April.

Survey of Production Forecast

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

2010 average=100
  February,
2015
March,
2015
April,
2015
Survey in March, 2015   -2.0 3.6
Survey in February, 2015 0.2 -3.2  

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

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

The Realization Ratio*2 in February was -2.5%. The Amendment Ratio*3 in March was -1.3%.

*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 February decreased 3.4% from the previous month, showing a decrease for the first time in three months. It showed an decrease of 3.1% from the previous year. The index in February was 100.2(seasonally adjusted).

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

3.Changes in Inventories

Inventories in February increased 0.5% from the previous month, showing a increase for the first time in three months. It showed an increase of 7.3% from the previous year. The index in February was 111.8(seasonally adjusted).

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

Inventory Ratio in February increased 4.3% from the previous month,showing a increase for the first time in three months. It showed an increase of 9.3% from the previous year. The index in February was 112.8(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: March 30, 2015
Ministry of Economy, Trade and Industry
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