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Indices of Industrial Production

Preliminary Report for February 2025 (released at 8:50, March 31, 2025)

  • 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 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 102.4 2.5 97.5 0.3
Shipments 101.5 3.0 97.1 1.5
Inventories 100.9 -1.7 101.3 -1.4
Inventory Ratio 102.8 -3.5 108.7 0.4

* Annual data revision was implemented since January 2024 in the Revised Report for January 2025.

Industrial Production

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

Shipments

Industries that mainly contributed to the increased
1.Production machinery, 2.Motor vehicles, 3.Electronic parts and devices, in that order.
Industries that mainly contributed to the decreased
1.Inorganic and organic chemicals, 2.Chemicals (excl. Inorganic, organic chemicals, and medicine), 3.Petroleum and coal products, in that order.

Inventories

Industries that mainly contributed to the decreased
1.Motor vehicles, 2.Electrical machinery, and Information and communication electronics equipment, 3.Iron, steel and Non-ferrous metals, in that order.
Industries that mainly contributed to the increased
1.Plastic products, 2.Pulp, paper and paper products, 3.Transport equipment (excl. motor vehicles), in that order.

Indices of Industrial Production Forecast*1

Seasonally Adjusted Index
Percent change from the previous month(%)
March 2025 April 2025
Survey in March 2025 0.6 0.1
Survey in February 2025 -2.4
Industries that mainly contributed to the increased in March
1.Production machinery, 2.Chemicals, 3.Petroleum products, in that order.
Industries that mainly contributed to the increased in April
1.Production machinery, 2.Petroleum products, 3.Chemicals, 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 December(Next Month) 2023 in the Report for March 2025.

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 2024 - February 2026). Please click the above-mentioned.
(updated at December 27, 2024)
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Last updated:2025-3-31

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