industrial production

Large-scale goods creation

Industrial production is the output of factories, mines, and utilities—the manufacturing and extraction sectors of an economy.

Economists track industrial production as a measure of economic health: Industrial production rose 2% last quarter.

The term distinguishes goods made in factories from agricultural products, services, or handcrafted items.

Related

press · just in time · rust belt · automation · steel · oil · manufacturing sector · supply chain · machinery · robotics · mold · smokestacks · carbon footprint · quality control · raw materials · technological innovation · plant · economic indicators

Categories
Opposites
scale and method of manufacture

industrial productionhandicraft

Manual skill or product

cottage industry · traditional craftsmanship · handwork · studio production · maker culture

economic sector

industrial productionfinancial services

Economic offerings from institutions

agricultural production · service sector · services · knowledge economy · intellectual labor

activity vs. inactivity

industrial productionfactory closure

Permanent end of manufacturing

deindustrialization · industrial decline · economic stagnation · plant closure

Family

produce, industry, production, producer, produced, productive, producing, industrial, productivity

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Everyday, not technical · Rated G