Page 328 - NIEN GIAM 2017

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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