Mnemonic | IP.IPAN | |
---|---|---|
Unit | 2001=100, NSA | |
Adjustments | Not Seasonally Adjusted | |
Monthly | 6.61 % | |
Data | Dec 2021 | 162.02 |
Nov 2021 | 173.49 |
Source | Instituto Nacional De Estadistica y Censo (INEC) |
Release | Industrial Production |
Frequency | Quarterly |
Start Date | 1/31/2009 |
End Date | 12/31/2021 |
Reference | Last | Previous | Units | Frequency | |
---|---|---|---|---|---|
Change in Inventories | 2021 | -1,081 | 162.22 | Mil. PAB | Annual |
Industrial Production | Dec 2021 | 162.02 | 173.49 | 2001=100, NSA | Monthly |
Real Change in Inventories | 2021 | 359.66 | 169.83 | Mil. 2007 PAB | Annual |
Industrial Production figures are also used by central banks to measure inflation, as high levels of industrial production can lead to uncontrolled levels of consumption and rapid inflation.
Industrial production is the transformation or refining of raw material to achieve a final product.
Subject to revisions.