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.