Page 128 - NIENGIAM

Formula:
 I  W
qN2
I qN1   W qN2 qN2

Where:
I qN1: Production index of the VSIC 1-digit sectors.

I qN2: Production index of the VSIC 2-digit division.
W qN2: 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
qN1
I   W qN1 qN1
Q

Where:
I Q: Production index of the whole industry.
I qN1: Production index of the VSIC 1-digit sectors.

W qN1: 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; (2) Secondary products are industrial products still
having utilization value and being consumed (accepted on the market)

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