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Indices of Industrial Production

Preliminary Report for January 2024 (released at 8:50, February 29, 2024)

  • Industrial Production fluctuates indecisively, but it has weakened.
  • Production, Shipments and Inventories decreased, Inventory Ratio increased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in February and March.
2020 average=100
Seasonally Adjusted Index Original Index
index Percent change from the previous month(%) index Percent change from the previous year (%)
Production 97.6 -7.5 92.6 -1.5
Shipments 96.2 -8.3 90.6 -1.7
Inventories 101.0 -1.8 102.5 -1.3
Inventory Ratio 106.1 3.9 114.1 1.3

Industrial Production

Industries that mainly contributed to the decreased
1.Motor vehicles, 2.General-purpose and business oriented machinery, 3.Electrical machinery, and Information and communication electronics equipment, in that order.
Industries that mainly contributed to the increased
1.Transport equipment (excl. motor vehicles).

Shipments

Industries that mainly contributed to the decreased
1.Motor vehicles, 2.Transport equipment (excl. motor vehicles), 3.General-purpose and business oriented machinery, in that order.

Inventories

Industries that mainly contributed to the decreased
1.Motor vehicles, 2.Electronic parts and devices, 3.Chemicals (excl. Inorganic, organic chemicals, and medicine), in that order.
Industries that mainly contributed to the increased
1.Petroleum and coal products, 2.Iron, steel and Non-ferrous metals, 3.Plastic products, in that order.

Indices of Industrial Production Forecast*1

Seasonally Adjusted Index
Percent change from the previous month(%)
February 2024 March 2024
Survey in February 2024 4.8 2.0
Survey in January 2024 2.2
Industries that mainly contributed to the increased in February
1.Transport equipment, 2.General-purpose and business oriented machinery, 3.Electrical machinery, and Information and communication electronics equipment, in that order.
Industries that mainly contributed to the increased in March
1.Production machinery, 2.Transport equipment, 3.Chemicals, 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 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 2023 - February 2025). Please click the above-mentioned.
(updated at December 28, 2023)
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Last updated:2024-2-29

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