Industrial production index (IPI)

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Industrial production index (IPI)

The Industrial Production Index is a direct indicator of the economic situation which tries to measure the development of the volume of Gross Value Added to industrial sector costs in the Autonomous Community of Euskadi and the three Provinces.

The use of the Industrial Production Index as an indicator of Gross Value Added is conditioned by the acceptance of the following suppositions:

  • 1.- The measurement of Gross Value Added by means of production volumes involves the acceptance of linear production functions, both homogeneous and stable in time.

  • 2.- That the structure of industrial Gross Value Added stays stable in time.

    • Other statistical products

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