Industrial Production Index- The Federal Reserve's monthly index of industrial production and the related capacity indexes and capacity utilization rates cover manufacturing, mining, and electric and gas utilities(Fedralreserve.gov)
1. Companies that are in the manufacturing, mining, electric, and gas industries. Economists, Policy-makers, and investors. Being a large sector of the economy, the production of these industries is likely to affect the market.
2. The Industrial Production Index (IPI) is collected by the Federal Reserve Board and is released monthly. On a monthly basis, the individual indexes of industrial production are constructed from two main types of source data: (1) output measured in physical units and (2) data on inputs to the production process, from which output is inferred(federalreserve.gov) In addition to being counted monthly, every year the IPI and Capacity Utilization is revised in order to make it as up to date as possible.
3. The IPI number for November 2010 is 93.9, this number measures the amount of output compared to a base of 100 for a specific year(2007). For example, October 2010 IPI was 93.5, so from October to November IPI increased by .4%, industrial production increased by this much.
No comments:
Post a Comment