STATE INSTITUTE OF STATISTICS STATED THAT INDUSTRIAL PRODUCTION INCREASED 13.0 % IN OCTOBER OF 1997, 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 13.0 %, mining industry production increased by 17.9 % and electricity, gas and water production increased by 6.6 % in October of 1997, over to the same period of the previous year.
The statement released by SIS, during average of ten months total industrial production increased by 10.6 %, mining industry increased by 8.0 %, manufacturing industry increased by 11.1 % , electricity, gas and water industry rose by 8.2 %.
Also SIS explained production quantity of some important goods for October of 1997. Figures of monthly industrial production index taking 1992 as a base year and monthly production quantity of the selected goods have given in annex.
NOT 1- MONTHLY INDUSTRIAL PRODUCTION INDEX HAS CALCULATED TO GIVE INFORMATION IN A SHORT TIME. 112 ITEMS FROM 194 ESTABLISHMENTS WHICH REPRESENT 60 % OF TOTAL INDUSTRIAL PRODUCTION VALUE HAVE BEEN USED TO CALCULATE MONTHLY INDUSTRIAL PRODUCTION INDEX. APPROXIMATELY 1051 ITEMS FROM 2500 LARGE SCALE ESTABLISHMENTS WHICH REPRESENT 81 % OF TOTAL INDUSTRIAL PRODUCTION VALUE HAVE BEEN USED TO CALCULATE QUARTERLY INDUSTRIAL PRODUCT INDEX. THERE ARE SOME DEFERENCE BETWEEN TWO INDEXES BECAUSE OF THEIR COVERAGE. MONTHLY INDEX SHOULD BE USED AS A SHORT TERM INDICATORS. FINAL RESULT MUST BE TAKEN FROM QUARTERLY INDUSTRIAL PRODUCTION INDEX.
