Industrial production indexIPI
Industrial production indices calculation answer to a national and a European imperative. Industrial production indices fall under the European regulation on short-terms statistics – the Council Regulation ‘’STS’’ No 1165/98 of 19 May 1998, modified by subsequent amendments.
Industrial production indices are used to measure the monthly changes of industrial and construction activities in France. As such, they are a primary information to monitor the business cycle in France and to identify turning points at an early stage, in parallel or along with other macroeconomic indicators such as employment statistics, prices indices, the Services Production Index or foreign trade statistics.
Otherwise, industrial production indices are one of the sources used to elaborate French quarterly accounts – for example the GDP flash estimate.