ACCORDING TO THE STATEMENT OF THE PRESIDENT OF SIS, INDUSTRIAL PRODUCTION INCREASED 11.2 % IN MAY OF 1997 OVER TO THE SAME MONTH OF THE PREVIOUS YEAR FROM THE RESULT OF MONTHLY INDUSTRIAL PRODUCTION INDEX.
At the given information from the President of SIS, manufacturing industry production growth 11.6 %, mining industry production 0.9 %, electricity, gase and water production increased 11.9 % in May of 1997 over to the same period of the previous year.
At the written explanation, while five monthly average production increased 7.0 % in total industry, 7.0 % in manufacturing industry, 9.4 % in electricity gase and water industry and decreased 0.6 % in mining industry.
Also SIS explained some production quantity of some important goods for May of 1997. Figures of monthly industrial production index taking 1992 as a base year and selected goods monthly production quantity 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 % 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 USE TO CALCULATE QUARTERLY INDUSTRIAL PRODUCT INDEX. THERE ARE SOME DEFERENCE BETWEEN TWO INDEX BECAUSE OF THEIR COVERAGE. MONTHLY INDEX SHOULD BE USED AS A SHORT TERM INDICATORS. FINAL RESULT MUST BE TAKEN FROM QUARTERLY INDUSTRIAL PRODUCTION INDEX.
