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Indices of Industrial Production

Outline of the result

Preliminary report for April, 2016 (published at 8:50, May 31, 2016)

Industrial Production fluctuates indecisively.

  • Production and Shipments increased, Inventories and Inventory Ratio decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in May and June.
2010 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change
from the previous month(%)
Indices Percent change
from the previous year (%)
Production 97.0 0.3 92.6 -3.5
Shipments 95.9 1.5 89.6 -3.6
Inventories 113.4 -1.7 107.5 0.1
Inventory Ratio 115.7 -2.2 112.3 1.8

1. Changes in Production

(1) Industrial Production

Industrial Production increased 0.3% from the previous month, showing a increase for the second consecutive month. It showed a decrease of 3.5% from the previous year. The index was 97.0(seasonally adjusted).

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

(2) Survey of Production Forecast*1

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 2.2% in May and increase 0.3% in June.

2010 average=100
  April,
2016
May,
2016
June,
2016
Survey in May, 2016   2.2 0.3
Survey in April, 2016 2.6 -2.3  

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

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

Industries that mainly contributed to the increase in June are as follows: 1.Transport equipment, 2.Fabricated metals, 3.Others, in that order.

The Realization Ratio*2 in April was -5.9%. The Amendment Ratio*3 in May was -1.5%.

*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 increased 1.5% from the previous month, showing a increase for the second consecutive month. It showed an decrease of 3.6% from the previous year. The index was 95.9(seasonally adjusted).

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

3. Changes in Inventories

Inventories decreased 1.7% from the previous month, showing a decrease for the first time in two months. It showed an increase of 0.1% from the previous year. The index was 113.4(seasonally adjusted).

Inventory Ratio decreased 2.2% from the previous month, showing a decrease for the first time in two months. It showed an increase of 1.8% from the previous year. The index was 115.7(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(January, 2016 - February, 2017). Please click the above-mentioned.
(published at March 9, 2016)
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: May 31, 2016
Ministry of Economy, Trade and Industry
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