The preliminary statistics released by Japan's Ministry of Economy, Trade and Industry on the 27th showed that Japan's seasonally adjusted industrial production, shipment, and inventory indices in November all declined month-on-month, while the inventory ratio increased. Statistics indicate that in November, Japan's industrial production index fell by 2.3% month-on-month to 101.7. Among the 15 industries included in this index, 11 had a declining production index month-on-month, 3 increased, and 1 remained unchanged. Among them, the production machinery industry index fell by 9.1%, and the automotive and metal products industry indices decreased by 4.3% and 5.7% respectively; indices in general and business machinery, transportation machinery (excluding the automotive industry), and petroleum and coal products industries rose. In the same month, the shipment index fell by 2.7% month-on-month to 99.6, the inventory index decreased by 0.9% month-on-month to 101.4, and the inventory ratio rose by 3.2% to 107.9. Japan's Ministry of Economy, Trade and Industry expects the industrial production index to rise in December this year and January next year.