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Comparing IIP and NAS in Their New Incarnations
The Index of Industrial Production series, the most significant macroeconomic lead indicator, was revised by the Central Statistics Office in May 2017, two years and three months after revising the National Accounts Statistics series. Even as the new IIP series is more current, growth rates of output do not match those of the NAS. This, along with the significant lag in the periodic revision of IIP, diminishes its usefulness.

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