12.01.1998

PRESIDENT OF THE STATE INSTITUTE OF STATISTICS EXPLAINED THE RESULT OF THE MONTHLY INDUSTRIAL PRODUCTION INDEX USING PRODUCTION INFORMATION OF 112 THE MOST IMPORTANT ITEMS FOR NOVEMBER OF 1997 TAKING 1992 AS A BASE YEAR

STATE INSTITUTE OF STATISTICS STATED THAT INDUSTRIAL PRODUCTION INCREASED 8.2 % IN NOVEMBER 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 9.1 %, mining industry production increased by 5.1 % and electricity, gas and water production increased by 3.0 % in November of 1997, over to the same period of the previous year.

The statement released by SIS, during average of eleven months total industrial production increased by 10.3 %, mining industry increased by 7.6 %, manufacturing industry increased by 10.9 % , electricity, gas and water industry rose by 7.6 %.

Also SIS explained production quantity of some important goods for November of 1997. Figures of monthly industrial production index taking 1992 as a base year.

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.