PRESIDENT OF THE STATE INSTITUTE OF STATISTICS
EXPLAINED THE RESULT OF THE MONTHLY INDUSTRIAL PRODUCTION INDEX
   USING PRODUCTION INFORMATION OF 403 THE MOST IMPORTANT ITEMS
                           FOR MAY OF 2003 TAKING 1997 AS A BASE YEAR

STATE   INSTITUTE   OF   STATISTICS   STATED   THAT   INDUSTRIAL  PRODUCTION
INCREASED 4.8 % IN MAY OF 2003, OVER TO THE SAME MONTH OF THE PREVIOUS
YEAR FROM THE RESULT OF  MONTHLY INDUSTRIAL PRODUCTION INDEX

           
   State Institute of Statistics declared that manufacturing industry production increased by 5.1 %, mining industry
production decreased by  9.5 %, electricity, gas and water  production increased  by  7.1 %,   in  May of  2003,
over to the same period of the previous year.

     The statement released  by SIS, total industrial production increased by 6.7 %,  and mining industry decreased
by 16.7 %,  manufacturing industry increased by 7.8 %, and electricity, gas and water industry increased by 7.4 %
in five months of  2003, over to the same period of the previous year.

    

      
NOTE  : MONTHLY   INDUSTRIAL PRODUCTION INDEX HAS BEEN CALCULATED TO GIVE
INFORMATION    IN  A  SHORT  TIME . 403  ITEMS   FROM  918  ESTABLISHMENTS  WHICH
REPRESENT   70 %  OF   TOTAL  INDUSTRIAL  PRODUCTION  VALUE HAVE BEEN USED TO
CALCULATE   MONTHLY  INDUSTRIAL   PRODUCTION    INDEX .   APPROXIMATELY  2005
ITEMS FROM 3000 LARGE  SCALE  ESTABLISHMENTS WHICH REPRESENT 81 %  OF TOTAL
INDUSTRIAL   PRODUCTION   VALUE   HAVE  BEEN  USED  TO  CALCULATE   QUARTERLY
INDUSTRIAL PRODUCT INDEX. THERE ARE SOME DIFFERENCES BETWEEN TWO INDEXES
BECAUSE  OF  THE  COVERAGE.  MONTHLY  INDEX  SHOULD BE  USED AS A SHORT TERM
INDICATOR.   FINAL   RESULT     MUST   BE    TAKEN   FROM    QUARTERLY    INDUSTRIAL   PRODUCTION INDEX.
** Monthly  Industrial Production Index is released on the eight of the second month following the reference month.