Page 358 - Niên giám

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.

IIP is the ratio between quantity of industrial production at current
and base time.

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