Date : 08.05.2003

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 MARCH OF 2003 TAKING 1997 AS A BASE YEAR



STATE  INSTITUTE  OF  STATISTICS  STATED  THAT  INDUSTRIAL  PRODUCTION   INCREASED
5.6 % IN  MARCH  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 5.8 %, mining industry production decreased by  13.8 %, electricity,  gas  and water production  increased by 11.4 %,   in March of  2003,  over to the same period of the previous year.

            The statement released by SIS, total  industrial production increased  by  7.5 %,  and  mining  industry decreased by 15.5 %,  manufacturing industry increased by 8.7 %, and  electricity, gas and water  industry increased by 8.1 %  in three 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.