EXPLANATION: Industrial Production
Released Monthly
Released by Federal Reserve Board
Industrial production derives part of its value from the fact that it is a raw measure of output, comprised of only the final products. It is a measure of just what it says, heavy industries like mining, manufacturing, and electricity. Because this index takes into account the output made per unit, when looked at in conjunction with a number such as capacity utilization, it becomes possible to get a rough estimate of the productivity growth.
While Industrial Production is not as closely watched as it used to be, it is still of significant importance to fed watchers.
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