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Indices of Industrial Production

Preliminary Report for February 2023 (released at 8:50, March 31, 2023)

  • Industrial Production has weakened.
  • Production, Shipments, Inventories increased, Inventory Ratio decreased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in March and April.
2015 average=100
Seasonally Adjusted Index Original Index
index Percent change from the previous month(%) index Percent change from the previous year (%)
Production 94.8 4.5 91.9 -0.6
Shipments 92.4 3.6 90.1 0.6
Inventories 103.6 1.4 104.3 2.3
Inventory Ratio 126.3 -1.6 131.0 5.4

Industrial Production

Industries that mainly contributed to the increased
1.Motor vehicles, 2.Production machinery, 3.Electronic parts and devices, in that order.
Industries that mainly contributed to the decreased
1.Chemicals (excl. Inorganic, organic chemicals, and medicine), 2.Electrical machinery, and Information and communication electronics equipment, 3.Other manufacturing, in that order.

Shipments

Industries that mainly contributed to the increased
1.Motor vehicles, 2.Production machinery, 3.Electronic parts and devices, in that order.
Industries that mainly contributed to the decreased
1.Transport equipment (excl. motor vehicles), 2.Pulp, paper and paper products, 3.Petroleum and coal products, in that order.

Inventories

Industries that mainly contributed to the increased
1.Motor vehicles, 2.General-purpose and business oriented machinery, 3.Electronic parts and devices, in that order.
Industries that mainly contributed to the decreased
1.Electrical machinery, and Information and communication electronics equipment, 2.Iron, steel and Non-ferrous metals, 3.Inorganic and organic chemicals, in that order.

Indices of Industrial Production Forecast*1

Seasonally Adjusted Index
Percent change from the previous month(%)
March 2023 April 2023
Survey in March 2023 2.3 4.4
Survey in February 2023 0.7
Industries that mainly contributed to the increased in March
1.Production machinery, 2.Transport equipment, 3.Electrical machinery, and Information and communication electronics equipment, in that order.
Industries that mainly contributed to the increased in April
1.Electrical machinery, and Information and communication electronics equipment, 2.Transport equipment, 3.Production machinery, in that order.

* Indices of Industrial 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.

data download

Report on IIP( Production, shipments and Inventories )PDF file
Historical data of each index, Indices classified by Industry, Indices classified by use of Goods.
Historical data etc.(data download)
Excel and csv files of each index (Year, Fiscal Year, Quarter, Month), previous data, weight of Indices of Industrial Production, etc..
Results in the past
Outline of the result, Report on IIP in the past.
Release date of Indices of Industrial Production
We have published the release date of the Indices of Industrial Production(November 2022 - February 2024). Please click the above-mentioned.
(updated at December 28, 2022)
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Last updated:2023-3-31

Economic Analysis Office

Research and Statistics Department

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