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Industrial Production

Industrial Production

The indicator Industrial Production showing industrial output of the country and its changes. It is composed of mining, manufacturing, processing industry volumes and public sector as well. The fact, that this indicator takes into consideration mining and manufacturing industries, and forest sector and the production of electricity as well, makes it one of the main indicators to define economical growth of the country and reflect the state of the national economy. Since 60% of Gross Domestic Product is produced by service sector, this indicator doesn’t define a trend for economy, however it has significant forex market influence. The growth of this indicator results in the national currency rate growth. In the UK and Germany, the data on Industrial Production is published in the second decade of each month, in the USA – in the middle of each month, in the Euro zone – on the 20th day of each month, in Japan – at the end of each month and two weeks later it is followed by the revised value.

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