production index
[/prəˈdʌkʃən ˈɪndɛks/]
nounpl: production indices / production indexes
índice de produção
1. A statistical measure that tracks changes in the output or volume of goods produced by industries or the economy over time, typically expressed as a percentage relative to a base year
The manufacturing production index increased by 2.5% last quarter, indicating stronger industrial activity.
O índice de produção da indústria de transformação aumentou 2,5% no trimestre passado, indicando atividade industrial mais forte.
2. An economic indicator used by governments and central banks to assess the health of the manufacturing and industrial sectors
Economists monitor the production index closely as it provides insights into economic growth.
Os economistas monitoram de perto o índice de produção, pois fornece informações sobre o crescimento econômico.
The production index is a key economic indicator in both Brazil and the United States, regularly released by the Brazilian Central Bank (Banco Central do Brasil) and the U.S. Federal Reserve respectively. In Brazil, IBGE publishes detailed production indices monthly, making it essential for investment decisions and economic policy discussions. The term is primarily used in formal economic, financial, and academic contexts rather than in everyday conversation.
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