Industrial production is in the economics one economic indicator that the totality of all goods which the detected sector industry excluding the construction industry are generated. The counterpart is agricultural production .
Industrial production is an important indicator of economic development . It is not so much the absolute production value that is of interest, but the industrial production is given with a monthly index . Eurostat calculates industrial production for all EU member states based on 2015 (= 100). In July 2019, for example, the index of industrial production in Germany was 99.5, so that it fell slightly below the value of 2015.
Industrial production includes the manufacture of capital and consumer goods . The former (such as machinery , ships , power systems ) also are intermediate goods expected, consumer goods are in utility and consumer goods divided. Industrial production includes the manufacture of semi-finished products and their further processing as well as finished products . The construction industry is not counted as part of industrial production because construction production is a special type of industrial production. In contrast to the usual types of industrial production ( automobile construction , mechanical engineering , textile industry , etc.), construction production is carried out on construction sites for structures or buildings and is not organized in a stationary manner like industrial production.
If industrial production predominates in a state, it is referred to as an industrial state , while predominantly agricultural production is an agricultural state . Industrial production can be operated both for self-sufficiency and for export . Typical of industrial production is the mass production according to the law of mass production (with fixed cost degression ) of standardized products, with large industry and large companies tending to increase due to the better use of economies of scale .
In absolute terms (including construction) in 2017, the People's Republic of China led with US $ 4,950 billion, followed by the USA (US $ 3,520 billion), Japan ( US $ 1,450 billion) and Germany (US $ 1,015 billion).
in millions of US dollars
|1||People's Republic of China||4,950,917||6.1%||2017|
Industrial production in Germany made up 37.7% of total industrial production in the EU . In the countries listed in the list, industrial production makes up a high proportion of the respective gross domestic product , so that these countries are all industrialized countries.
- Eurostat, Industrial Production of all EU Member States , 2019
- DI Bukshteĭn / Sergej Nicolaevič Protopopov / ED Syrcova, Organization and Planning in Building , 1954, p. 33