Industrial production is a measure of output of the industrial sector of the economy. The industrial sector includes manufacturing, mining, and utilities. Although these sectors contribute only a small portion of gross domestic product (GDP), they are highly sensitive to interest rates and consumer demand. This makes industrial production an important tool for forecasting future GDP and economic performance. 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 .
>>>PUT SHARE BUTTONS HERE<<<
👉 Industrial production in the context of Mexican Miracle
The Mexican miracle (Spanish: Milagro mexicano) is a term used to refer to the country's inward-looking development strategy that produced sustained economic growth. It is considered to be a golden age in Mexico's economy in which the Mexican economy grew 6.8% each year. It was a stabilizing economic plan which caused an average growth of 6.8% and industrial production to increase by 8% with inflation staying at only 2.5%. Beginning roughly in the 1940s, the Mexican government would begin to roll out the economic plan that they would call "the Mexican miracle," which would spark an economic boom beginning in 1954 spanning some 15 years and would last until 1970. In Mexico, the Spanish economic term used is "Desarrollo estabilizador" or "Stabilizing Development."
In this Dossier
- ⭐ Core Definition: Industrial production
- 👉 Industrial production in the context of Mexican Miracle
- Industrial production in the context of Economic indicator
- Industrial production in the context of Contaminated land
- Industrial production in the context of Great Depression in Romania
- Industrial production in the context of Metallurgy of Russia
- Industrial production in the context of Borden (company)
Industrial production in the context of Economic indicator
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. One application of economic indicators is the study of business cycles. Economic indicators include various indices, earnings reports, and economic summaries: for example, the unemployment rate, quits rate (quit rate in American English), housing starts, consumer price index (a measure for inflation), inverted yield curve, consumer leverage ratio, industrial production, bankruptcies, gross domestic product, broadband internet penetration, retail sales, price index, and changes in credit conditions.
The leading business cycle dating committee in the United States of America is the private National Bureau of Economic Research. The Bureau of Labor Statistics is the principal fact-finding agency for the U.S. government in the field of labor economics and statistics. Other producers of economic indicators includes the United States Census Bureau and United States Bureau of Economic Analysis.
Industrial production in the context of Contaminated land
Contaminated land contains substances in or under the land that are definitively or potentially hazardous to health or the environment. These areas often have a long history of industrial production and industrial farming. Many sites may be affected by their former uses such as mining, industry, chemical and oil spills and waste disposal. Areas that were previously industrial areas, called brownfield sites, are higher risk areas.
Contamination can also occur naturally as a result of the geology of the area, or through agricultural use.
Industrial production in the context of Great Depression in Romania
The Great Depression (Romanian: Marea Criză Economică or, rarely, Marea Depresie) of 1929–1933, which affected the whole world, had several consequences in the Kingdom of Romania. Romania had been among the winner countries of World War I. It received several new territories (Bessarabia, Bukovina and Transylvania), with many natural resources. However, the war caused heavy human and economic losses to the country. Romania had to fight inflation and the non-convertibility of its currency, the Romanian leu (lei in plural). Romania then had a fundamentally agrarian economy, with agriculture accounting for 63.2% of the national production. The Great Depression affected Romania in several ways. For example, in 1933, the net national income was of 172,614,000,000 lei, only 62% of that of 1929, which was of 275,180,000,000 lei. To fight the economic crisis, the National Bank of Romania carried out various measures and the country took various loans. Help was also called upon from France.
The Great Depression led to a drop of 50% in industrial production and an increase of 300,000 persons in unemployment in Romania. By the early 1930s, the price of a quintal of wheat had fallen below the cost of harvesting it; agricultural goods, unprotected by any customs measures, were left to the discretion of international competition, which contributed to the decrease of their prices by 60–70% compared to those of 1928 and 1929. Landowners went bankrupt and the peasants had little left to eat or pay taxes to the state. By 1932, some 2.5 million farmers had unpaid debts to banks, worth 52 billion lei.
Industrial production in the context of Metallurgy of Russia
The metallurgy industries of Russia make up about 5% of Russia's GDP, about 18% of industrial production and about 14% of exports, as of 2009. The volume of metallurgical production was 1.87 trillion rubles (2009). Investments in fixed assets in metallurgy were 280 billion rubles (2008). The average salary in the metallurgical industry was 23,258 rubles / month (March 2010).
Industrial production in the context of Borden (company)
Borden, Inc., was an American producer of food and beverage products, consumer products, and industrial products. At one time, the company was the largest U.S. producer of dairy and pasta products. Its food division, Borden Foods, was based in Columbus, Ohio, and focused primarily on pasta and pasta sauces, bakery products, snacks, processed cheese, jams and jellies, and ice cream. It was best known for its Borden Ice Cream, Meadow Gold milk, Creamette pasta, and Borden Condensed Milk brands. Its consumer products and industrial segment marketed wallpaper, adhesives, plastics and resins. By 1993, sales of food products accounted for 67 percent of its revenue. It was also known for its Elmer's and Krazy Glue brands.
After significant financial losses in the early 1990s and a leveraged buyout by private equity firm Kohlberg Kravis Roberts (KKR) in 1995, Borden divested itself of its various divisions, brands and businesses. KKR shut Borden's food products operations in 2001 and divested all its other Borden operations in 2005. Borden dairy brands are currently used by Borden Dairy for milk and by Dairy Farmers of America for cheese.