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Indices of Industrial Production

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

  • Industrial Production fluctuates indecisively, but it has weakened.
  • Production, Shipments and Inventory Ratio decreased, Inventories increased.
  • According to the Survey of Production Forecast in Manufacturing, Production is expected to increase in March and April.
2020 average=100
Seasonally Adjusted Index Original Index
index Percent change from the previous month(%) index Percent change from the previous year (%)
Production 97.9 -0.1 97.5 -3.4
Shipments 96.2 -0.4 95.9 -4.4
Inventories 101.6 0.6 102.7 -1.7
Inventory Ratio 99.7 -5.5 108.4 2.0

* Annual data revision was implemented since 2023 January in the Revised Report for January 2024.

Industrial Production

Industries that mainly contributed to the decreased
1.Motor vehicles, 2.Production machinery, 3.Transport equipment (excl. motor vehicles), in that order.
Industries that mainly contributed to the increased
1.Chemicals (excl. Inorganic, organic chemicals, and medicine), 2.Pulp, paper and paper products, 3.Ceramics, stone and clay products, in that order.

Shipments

Industries that mainly contributed to the decreased
1.Motor vehicles, 2.Production machinery, 3.Electronic parts and devices, in that order.
Industries that mainly contributed to the increased
1.Petroleum and coal products, 2.Pulp, paper and paper products, 3.Electrical machinery, and Information and communication electronics equipment, in that order.

Inventories

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

Indices of Industrial Production Forecast*1

Seasonally Adjusted Index
Percent change from the previous month(%)
March 2024 April 2024
Survey in March 2024 4.9 3.3
Survey in February 2024 2.5
Industries that mainly contributed to the increased in March
1.Transport equipment, 2.Production machinery, 3.Chemicals, in that order.
Industries that mainly contributed to the increased in April
1.Production machinery, 2.Transport equipment, 3.Petroleum products, in that order.

*1: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.

*2:Annual data revision was implemented since 2022 December(Next Month) in the Report for March 2024.

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:2024-3-29

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