Industrial Production Index
Encyclopedia
The Industrial Production Index (IPI) is an economic indicator
which measures real production output, which includes manufacturing, mining, and utilities. Production indexes are computed mainly as fisher indexes with the weights based on annual estimates of value added. Since Fisher indexes only preserve growth information, the value in the base year (currently 2007) is arbitrarily set at 100. This index, along with other industrial indexes and construction, accounts for the bulk of the variation in national output over the duration of the business cycle.
Economic indicator
An economic indicator is a statistic about the economy. Economic indicators allow analysis of economic performance and predictions of future performance. One application of economic indicators is the study of business cycles....
which measures real production output, which includes manufacturing, mining, and utilities. Production indexes are computed mainly as fisher indexes with the weights based on annual estimates of value added. Since Fisher indexes only preserve growth information, the value in the base year (currently 2007) is arbitrarily set at 100. This index, along with other industrial indexes and construction, accounts for the bulk of the variation in national output over the duration of the business cycle.
External links
- Industrial Production and Capacity Utilization from the Federal Reserve Board
- Financial Forecast Center IPI Forecasts