Index of Industrial Production

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Index of Industrial Production

n
(Statistics) (in Britain) an index produced by the Central Statistical Office showing changes in the production of the primary British industries
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The feudal system of industry, under which industrial production was monopolised by closed guilds, now no longer sufficed for the growing wants of the new markets.
Thereupon, steam and machinery revolutionised industrial production. The place of manufacture was taken by the giant, Modern Industry, the place of the industrial middle class, by industrial millionaires, the leaders of whole industrial armies, the modern bourgeois.
The Index of Industrial Production for June 2019 reached 139.9 units (base 2015=100), remaining stable compared to June 2018.
Industrial production in BiH in July, compared to the same month last year, adjusted in calendar terms, decreased by 4.7 percent, stated the BiH Agency for Statistics.
Across the EU, industrial production in June declined 1.9 percent on year, and the euro area posted a drop of 2.6 percent.
On the other hand, industrial production rose in the agricultural-food industry (+ 1.8%), as well as the mechanical and electrical industry (+ 0.7%).
Industrial production rose 0.6 percent year-on-year in May, slower than a 2.7 percent increase in April.
The program reflects modernization of the industry and improvement of its structure, increasing the export potential of the non-oil industry, expanding competitive industrial production, training specialized personnel for new production spheres and other areas, he added.
The reading in industrial production was better than the median forecast of a 0.2% rise by analysts surveyed by the Nikkei Business Daily, and followed a 0.6% decline in March.
The industrial production index rose by 4.43 percent to reach a level of 109 in July, signaling Taiwan's industry is in a strong period of expansion.
said the country's industrial production last December could have contracted by 12.4 percent.
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