08.01.2003

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 NOVEMBER OF 2002 TAKING 1997 AS A BASE YEAR

STATE   INSTITUTE   OF  STATISTICS  STATED  THAT   INDUSTRIAL   PRODUCTION    INCREASED
8.6 %  IN  NOVEMBER OF 2002, 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 9.8 %, mining industry              production decreased by  3.5 %, electricity, gas and water production increased by 4.0 %,   in November of  2002,              over to the same period of the previous year.

The   statement  released  by  SIS,  total   industrial  production increased by 8.7 %,  and mining industry decreased              by 9.0 %,  manufacturing  industry  increased by 10.2 %, and electricity, gas and water industry increased by 5.4 %
in eleven months of  2002, 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.