industrial production

industrial production definition - business

industrial production

A measure of the country's economic health judged by its output from manufacturing, mining, and utility industries. Industrial production is calculated by the Federal Reserve, which publishes a monthly index of industrial production. Also called index of industrial production.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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