- Industrial production encompasses goods and services produced by industries like manufacturing, mining, and utilities. ...
- A formula given by German economist Ernst Louis Étienne Laspeyres is popular for calculating it. ...
- The IPI (Industrial Production Index) is a statistic compiled and published by different organizations in different regions. ...
www.wallstreetmojo.com/industrial-production/Industrial production - Wikipedia
Industrial production is a measure of output of the industrial sector of the economy. The industrial sector includes manufacturing, mining, and utilities. Although these sectors contribute only a small portion of gross domestic product (GDP), they are highly sensitive to interest rates and consumer demand. This makes industrial production an important tool for forecasting future GDP and economic performance. Industrial production figures are also used by central banks to measure inflation
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