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Indices of Industrial Production

Outline of the result

Preliminary report for May, 2016 (published at 8:50, June 30, 2016)

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 June and July.
2010 average=100
  Seasonally Adjusted Index Original Index
Indices Percent change
from the previous month(%)
Indices Percent change
from the previous year (%)
Production 95.0 -2.3 89.7 -0.1
Shipments 93.8 -2.3 86.7 -0.8
Inventories 113.7 0.3 112.4 0.6
Inventory Ratio 117.2 1.3 124.1 2.1

1. Changes in Production

(1) Industrial Production

Industrial Production decreased 2.3% from the previous month, showing a decrease for the first time in three months. It showed a decrease of 0.1% from the previous year. The index was 95.0(seasonally adjusted).

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

(2) Survey of Production Forecast*1

According to the Survey of Production Forecast in Manufacturing, Production is expected to increase 1.7% in June and increase 1.3% in July.

2010 average=100
  May,
2016
June,
2016
July,
2016
Survey in June, 2016   1.7 1.3
Survey in May, 2016 2.2 0.3  

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

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

Industries that mainly contributed to the increase in July are as follows: 1.Transport equipment, 2.Electrical machinery, 3.Chemicals, in that order.

The Realization Ratio*2 in May was -2.5%. The Amendment Ratio*3 in June was -1.2%.

*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 decreased 2.3% from the previous month, showing a decrease for the first time in three months. It showed an decrease of 0.8% from the previous year. The index was 93.8(seasonally adjusted).

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

3. Changes in Inventories

Inventories increased 0.3% from the previous month, showing a increase for the first time in two months. It showed an increase of 0.6% from the previous year. The index was 113.7(seasonally adjusted).

Inventory Ratio increased 1.3% from the previous month, showing a increase for the first time in two months. It showed an increase of 2.1% from the previous year. The index was 117.2(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(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: June 30, 2016
Ministry of Economy, Trade and Industry
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