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Montenegro Statistical Office IV Proleterske no. 2, 81000 Podgorica +382 20 230 811 (fax) +382 20 230 814 contact@monstat.org mediji@monstat.org www.monstat.orgDate of publishing: 28 April 2022RELEASE
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How to fill out indices of industrial production

01
Gather data on the production of various industries.
02
Calculate the value of production for each industry.
03
Determine the base period for comparison.
04
Calculate the index for each industry using the formula: (Current period production / Base period production) x 100.
05
Aggregate the indices to get the overall industrial production index.

Who needs indices of industrial production?

01
Economists and analysts use indices of industrial production to analyze the performance of the industrial sector.
02
Government agencies use these indices to track the growth or contraction of industrial production.
03
Investors and businesses use them to make investment decisions based on the health of the industrial sector.
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Indices of industrial production is a measure of the economic output of the industrial sector.
Manufacturing companies and industrial organizations are required to file indices of industrial production.
Indices of industrial production can be filled out electronically on the designated government website.
The purpose of indices of industrial production is to track the performance and growth of the industrial sector.
Information such as production quantities, value of output, and employment numbers must be reported on indices of industrial production.
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