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Industrial production

Industrial production measures how much factories, mines, and utilities are producing. It focuses on physical output rather than the money value of the goods. A rise in product prices alone does not increase industrial production if the same quantity is being made. In the United States, the Federal Reserve publishes the figure each month. The report also includes capacity utilisation, which estimates how much of the available industrial equipment and facilities are being used. Manufacturing receives most of the attention, but mining, electricity, and gas production are also included in the wider measure.

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