Industrial productionA statistic determined by the Federal Reserve Board focusing on the total output of all US factories and mines on a monthly basis. Used as an economic indicator.
A decline over time in the share of the manufacturing in an economy, usually accompanied by growth in the share of services. Typically accompanied by an increase in manufactured imports, it may raise concern that the country is losing valuable economic activity to others.
Industrial Tax ExemptionIndustrial Tax Exemption
An exemption from local property taxes granted to encourage industries to come into an area. Has been used successfully in the South. Usually granted for a definite period.
Dow Jones Industrial AverageDow Jones Industrial Average
One of the main USA share indices which monitors the movement of 30 industrial companies traded on the New York Stock Exchange.The Dow Jones Industrial Average has just been joined by a new index, the Dow Jones Total Market Index, which covers a much broader range of companies.
Industrial life assuranceIndustrial life assurance
An assurance policy on the life of an individual where weekly or monthly premiums are regularly paid to the assurance company by way of their agent who collects directly from the policyholder's home. This method of collection originated in industrial areas as a means of saving for a future lump sum or protection against industrial accidents etc. This type of assurance is now virtually extinct.
Newly Industrializing CountryNewly Industrializing Country
Refers to a group of countries previously regarded as LDCs that have recently achieved high rates and levels of economic growth.
Industrial revenue bond (IRB)
Newly Industrializing Economy
Standard Industrial Classification (SIC)
Import substituting industrialization