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TeachMeFinance.com - explain Industrial production Industrial production The term 'Industrial production' as it applies to the area of energy can be defined as ' The Federal Reserve Boardcalculates this index by compiling indices of physical output from avariety of agencies and trade groups, weighting each index by the Census' value added, and adding it to the cost of materials. When physical measures are not available, the Federal Reserve Board uses the number of production workers or amount of electricity consumed as thebasis for the index. To convert industrial production into dollars, multiply by the 'real value added' estimate used by the Federal ReserveBoard'. Previous 5 Terms: Induced radioactivity inductive reasoning Industrial Consumption Industrial crops industrial forester Next 5 Terms: Industrial restrictions (coal) Industrial sector Industrial waste dam industrial water use Industrialization About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.