Page 510 - Cục Thống kê tỉnh Hòa Bình

EXPLANATION OF TERMINOLOGY, CONTENT
AND METHODOLOGY OF SOME STATISTICAL
INDICATORS ON INDUSTRY

Industrial product is an indicator showing the results of
industrial production under the form of material products and services

in a given time.

Physical products are industrial products which are created by
using working instruments to turn the primary materials into new
product with new utilization value. Industrial products can also be the
ones exploited from different mines. Physical products include: (1)

Finished products are industrial products manufactured conformable
with specification and technical standards; (2) Secondary products are
industrial products still having utilization value though they fail to
meet the standard of specification and quality. They are consumed and

accepted on the market; (3) Auxiliary products (or also called by-
products) are produced together with main products during the
process of industrial production.

Industrial services are industrial products which are processed or
increased their utilization value without changing the initial value of

the products.

Index of industrial production (IIP) is an indicator evaluates
the growth rate of industrial production every month, quarter and year.
The index is calculated by the quantity of production, therefore it is
called “The index of quantity of industrial production”; IIP is

important indicator reflecting the situation of industrial production
growth in general and the growth rate of each commodity in
particular; it satisfies the information needs of State agencies,
investors and other users.

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