Page 165 - NG2022_merged

Formula:

 I  W
qN2
I qN1 =  W qN2 qN2

Where:

IqN1: Production index of the VSIC 1-digit sectors.

IqN2: Production index of the VSIC 2-digit division.

WqN2: Weight of the VSIC 2-digit divisions. Weight of the VSIC 2-digit
divisions is the value added at current price of the base year 2015.
Step 5: Calculating production index of the whole industry

The production index of the whole industry is the weighted average index of
VSIC 1-digit sectors representing in the whole industry.

Fomula:

 I  W
I =  W qN1 qN1
qN1
Q

Where:

IQ: Production index of the whole industry.

IqN1: Production index of the VSIC 1-digit sectors.

WqN1: Weight of the VSIC 1-digit sectors. Weight of VSIC 1-digit sectors is
the value added at current price in 2015.

Industrial product is an indicator reflecting the direct results generated by
industrial production in a given period including industrial physical products and
services.

Industrial physical products are industrial products generated by using
working instruments acting upon object to turn the original mode of materials
into new products with new utilization value or products explored from mines.
Industrial physical products include: (1) Finished products are industrial
products manufactured conformable with specifications and technical standards;

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