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Indices of Industrial Production

Outline of the result

Preliminary report for November, 2015 (published at 8:50, December 28, 2015)

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 December and January.
2010 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change
from the previous month(%)
Indices Percent change
from the previous year (%)
Production 97.8 -1.0 97.6 1.6
Shipments 96.3 -2.5 95.8 0.6
Inventories 111.8 0.4 115.4 -0.5
Inventory Ratio 115.2 2.9 116.9 -0.8

1. Changes in Production

(1)Industrial Production

Industrial Production in November decreased 1.0% from the previous month, showing a decrease for the first time in three months. It showed a increase of 1.6% from the previous year. The index was 97.8(seasonally adjusted).

Industries that mainly contributed to the decrease are as follows: 1.General-purpose, production and business oriented machinery, 2.Chemicals (excl. Drugs), 3.Fabricated metals, in that order.

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

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 0.9% in December and increase 6.0% in January.

2010 average=100
  November,
2015
December,
2015
January,
2016
Survey in December, 2015   0.9 6.0
Survey in November, 2015 0.2 -0.9  

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

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

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

The Realization Ratio*2 in November was -2.0%. The Amendment Ratio*3 in December was -0.3%.

*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 November decreased 2.5% from the previous month, showing a decrease for the first time in three months. It showed an increase of 0.6% from the previous year. The index was 96.3(seasonally adjusted).

Industries that mainly contributed to the decrease are as follows: 1.Petroleum and coal products, 2.Iron and steel, 3.Chemicals (excl. Drugs), in that order.

3.Changes in Inventories

Inventories in November increased 0.4% from the previous month, showing a increase for the first time in three months. It showed an decrease of 0.5% from the previous year. The index was 111.8(seasonally adjusted).

Inventory Ratio in November increased 2.9% from the previous month, showing a increase for the first time in three months. It showed an decrease of 0.8% from the previous year. The index was 115.2(seasonally adjusted).

Details of the result

Report on IIP( Production, shipments and Inventories )
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.(data download)
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: December 28, 2015
Ministry of Economy, Trade and Industry
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