industrial production

Industrial production

A statistic determined by the Federal Reserve Board focusing on the total output of all US factories and mines on a monthly basis. Used as an economic indicator.

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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. Rising industrial production is generally more favorable for stockholders than for bondholders because it can signal rising inflationary pressures and higher interest rates. Also called index of industrial production.