Wood Mackenzie forecasts annual Industrial Production (IP) indices to the year 2035 for 36 key economies. Forecasts are updated on a quarterly basis. This report contains a download of our complete Global Industrial Production dataset. IP is a measure of output of the industrial sector of an economy. In the short-term, specific industry sector data and lead indicators, such as the Purchasing Managers Indices (PMI), are used to inform our forecast of the direction and pace of change in a country's industrial sector. Over the long-term, the industrial trend of an economy is assessed using several approaches. Wood Mackenzie analyses the impact of energy and other commodity prices on the competitive and comparative advantage of an economy's industry.