Okuzeka
Economics vocabulary · GDP and Growth

Industrial production

Meaning in economics, with examples

nounCommon term

In economics, industrial production means: The output of factories, mines and energy producers, usually reported every month as an index that shows how activity in industry is changing.

In Turkish: sanayi üretimi

How it is used

One of the first monthly signals of where GDP is heading. TurkStat publishes the industrial production index each month, usually adjusted for calendar and seasonal effects. News reports say industrial production rose month-on-month or fell year-on-year.

Example sentences

  1. Industrial production rose 1.5% in May, led by cars and machinery.

  2. Weak industrial production data raised fears of a slowdown.

Common collocations

  • industrial production index
  • industrial production rose
  • industrial production data
  • manufacturing output
  • outputThe amount of goods and services produced by a firm, an industry or a whole economy in a given period.
  • GDPShort for gross domestic product: the total value of all final goods and services produced within a country in a given period, usually a quarter or a year.
  • month-on-monthCompared with the previous month; used to describe how a figure such as prices or sales changed from one month to the next.
  • seasonally adjustedChanged by statistical methods to remove regular seasonal effects, such as holiday shopping or summer tourism, so that the underlying trend is easier to see.

More terms: GDP and Growth

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