Euro-zone Industrial Production index

The industrial production index (abbreviated IPI and sometimes also called industrial output index or industrial volume index) is a business cycle indicator which measures monthly changes in the price-adjusted output of industry. This article takes a look at the industrial production index as it is calculated in the European Union (EU) as well as in some EFTA and candidate countries.

The industrial production index is one of the most important (if not the most important) short-term statistics indicator. It is used to identify turning points in the economic development at an early stage and to assess the future development of GDP. In order to serve this purpose it is available on a monthly basis in a detailed activity breakdown and with a rather short delay (1 month and 10 days). The industrial production index is one of the so-called ‘Principal European economic indicators (PEEI)’ which are used to monitor and steer economic and monetary policies in the EU and in the euro area.

Release schedule: 9:00 (GMT), monthly

Revisions schedule: Because data for some countries is estimated, moderate revisions are made to the Euro-zone Industrial Production when actual data is available from those countries.

Source of report: Eurostat

Web Address: http://ec.europa.eu/eurostat

Address of release: http://ec.europa.eu/comm/eurostat