Volume Index

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Volume Index

An index that measures the aggregate production of a given set of goods and services over a period of time. For example, a volume index may measure changes in the amount of refined oil, corn and automobiles. A volume index may be an indicator of an economy's direction. That is, if production is falling, it may portend an economic downturn.
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References in periodicals archive ?
This volume indexes the documentation and proceedings of the United Nations Security Council, its commissions, committees, and ad hoc committees.
For example, some of the top-performing categories in the industry such as pizza/snacks and prepared foods are not especially well-received by African-Americans, with dollar volume indexes of 67 for pizza/snacks and 77 for prepared foods.
This volume indexes alchemical symbolism and terminology in the Western tradition from the early centuries AD to the present, but with an emphasis on the sixteenth and seventeenth centuries.