The volume of industrial production in value terms is the value of all finished products (products) developed by the enterprise, semi-finished products of its production (both from its raw materials and materials, and from the raw materials and materials of the customer) intended for sale to the side, to its capital construction and its non-industrial divisions, to issue to its employees on account of remuneration, as well as works and services of an industrial nature performed on orders.
The volume of production of industrial products in physical terms is the output of specific types of products in physical terms. The volume of industrial production in physical terms is taken into account by gross output, that is, including products spent on industrial and production needs within a given enterprise and produced from tolling raw materials.
The industrial production index is a relative indicator that characterizes the change in the volume of industrial production in the compared periods.