THE RESULT OF THE QUARTERLY INDEXES OF WAGES PER PRODUCTION
           WORKED  HOURS AND EARNINGS PER PRODUCTION WORKERS AND OTHER
       WORKERS IN MANUFACTURING INDUSTRY FOR THE FOURTH QUARTER OF 2003
 

THE  RESULT OF  THE  QUARTERLY  INDEXES  ON  WAGES   PER   PRODUCTION   WORKED  HOURS AND  EARNINGS
PER   PRODUCTION   WORKERS   AND   OTHER   WORKERS  IN   THE    MANUFACTURING   INDUSTRY,   WAGES   PER         PRODUCTION  WORKED HOURS  INCREASED 22.3 %, EARNINGS PER PRODUCTION WORKERS INCREASED 18.2 %
AND   EARNINGS  PER  OTHER  WORKERS  INCREASED  23.8  % FOR THE FOURTH QUARTER OF 2003 OVER TO THE
SAME QUARTER OF THE PREVIOUS YEAR.

    THE  RESULT OF THE  REAL INDEXES THAT DEFLATED BY CONSUMER  PRICE INDEX, WAGES
PER PRODUCTION WORKED HOURS 2.4 %  INCREASED AND EARNINGS PER PRODUCTION       WORKERS 0.9 %  DECREASED, EARNINGS  PER OTHER  WORKERS 3.6 %  INCREASED  FOR
THE  FOURTH QUARTER OF  2003  OVER TO THE  SAME QUARTER OF  THE PREVIOUS YEAR.

         In the written explanation, according to the obtaining results for the fourth quarter of 2003, growth rate of wages per production worked hours over to the same quarter of the previous year are;

     18.1 % increased at nominal price and 1.1  % decreased at real price in the public sector.
     25.5 % increased at nominal price and 5.1  % increased  at real price in the private sector.

         When looking at the results of earnings per production workers of  the  same establishments compared over to the same quarter of the previous year;

    24.3 % increased at  nominal price  and  4.1 %  increased at real price in the  public sector.
    19.3 % increased at nominal price and 0.1 % decreased at real price in the private sector.
 

         Earnings per other workers of the same establishments in the fourth quarter of 2003 over to the same quarter of the previous year;

     31.5 % increased at nominal price and 10.1  %  increased at  real price in the  public sector.
     22.4 % increased at nominal price and   2.5  %  increased at real price in the private sector.