A monthly statistical report, released around the 15th of each month at 9:15 a.m. Eastern Time by the Federal Reserve Board, that measures the production of goods and power for domestic sales in the United States and for export. It excludes production in the agricultural, construction, transportation, communication, trade, finance, and service industries, as well as government output and imports. The industrial production index is developed by weighting each component according to its relative importance in the base period.
This data gives insight into the performance of the economy. Capacity utilization, which measures the extent to which U.S. factories are busy producing goods, also is an important indicator. The industrial production data that is released is preliminary and may be revised during the successive three months as new sources of data become available. At the fourth month, the indexes are not revised until the data is revised annually.
Industrial-production Sentence Examples
Rajputana is very poor in industrial production.
But he was richly compensated, apart from the regular indemnification paid by the German Government, when he was called in by Ludendorff as the most competent expert to 'give advice, to organize the coal and the industrial production of occupied Belgium and to help to set in motion the gigantic production of war material which the German G.H.Q.
The Government had not prepared in advance any measures for setting industrial production going again in any way.
Whereas in 1864 the annual production of all factories in Poland was valued at not more than 54 millions sterling, in 1875, when the workers numbered 27,000, the output was estimated at even less; but in 1905 the value of the industrial production reached 53 millions sterling.
Malevich's, conflation of a particular kind of world-denying mysticism with the ideals of industrial production is quite perceptive.