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The industrial production index (IPI) is a monthly economic indicator measuring real output in the manufacturing, mining, electric, and gas industries, relative to a base year.

Market output consists of all products disposed of on the market or intended for disposal on the market, either through sale or barter. Products that fall into this category include those that are: ... bartered; used for payment in kind (including compensation of employees in kind and mixed income in kind);

Definition of Industrial Productivity: It is measurement the efficiency of production. Basically, it is the relationship between the amount of output and the amount of inputs used to make the product goods. ... Productive system converts various properties or resources of raw material to produce goods and services.

The total value of goods produced by a company, an industry or an economy. ... Production is the making process it is where the raw materials and components are transformed into a product. Output is the result of production it usually refers to how much is produced.

Industrial production is a measure of output of the industrial sector of the economy. The industrial sector includes manufacturing, mining, and utilities. Although these sectors contribute only a small portion of gross domestic product (GDP), they are highly sensitive to interest rates and consumer demand.

Summary: Output is typically measured by the dollar amount sold of goods and services, adjusted for price changes in these products over time.

IIP Data October 2020: The country's index of industrial production (IIP) grew 3.6 per cent to 128.5 in the month of October, according to the data released by the Ministry of Statistics & Programme Implementation (MoSPI). The IIP had slipped 6.6 per cent in October 2019, the data showed.

industrial output(Noun) What an industry produces, as a national total.

industrial output(Noun) What an industry produces, as a national total.