Industrial Production y/y

Indicator History

History of Event Dates
Event Date Time For
Period		 Currency Actual Forecast
What is this indicator?

Industrial production y/y, or year-over-year industrial production, is a statistical measure that compares the level of output in the industrial sector in the current month to the same month in the previous year. It is usually reported as a percentage change.


Why is it important?

Industrial production y/y is an important economic indicator because it provides insights into the long-term trends and performance of the industrial sector and the overall economy. A positive reading suggests that there has been an increase in the output of goods and services over the past year, which could indicate economic growth and job creation. It can also suggest that companies are investing in their businesses and are optimistic about future demand for their products. Conversely, a negative reading may suggest a decline in economic activity, which could lead to lower employment levels and decreased demand for goods and services. This could be due to factors such as a decrease in consumer spending, changes in government policies, or shifts in global economic conditions.

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