Industrial Production is an economic indicator that measures the output of industrial sectors of an economy such as manufacturing, mining, and utilities. It provides information about the overall production output of a country's economy and is an important indicator of economic health.
Industrial production is usually measured as an index number, where a base year is selected and given a value of 100. The current level of production is then expressed as a percentage of this base year value. Industrial production data is released on a monthly basis by most countries and is closely watched by investors, economists, and policymakers to gauge the health of an economy and predict future economic growth or contraction.
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