Industrial production

Macroeconomic Overview

Under the industrial production will be understood from an economic perspective, the total of all goods that are generated in the secondary sector. The index of industrial production is seen as an indicator among several which indicate whether an economy is in the up or downturn ( or economic crisis). For economic history classification cf. industrialization.

Technical View

From a technical perspective, the industrial production technology can be broken in power engineering, process engineering and production technology. Power engineering deals with the conversion of energy. Process technology includes the generation and conversion of substances with particular chemical and physical properties, but without a defined geometric shape. The manufacturing technology means the production of shaped workpieces and their assembly into functional products. As an auxiliary techniques, information technology, and materials handling equipment may be considered.

  • Macroeconomic indicator
  • Production type
  • Industry