Purpose: Monthly Industrial Production Index is calculated to measure the evolution of economy and the positive and negative effects of economical political decisions in short term.

Classification: Nace Rev.2
 

Activity coverage: Manufacturing industry (B), Mining and Quarrying Sector (C) and Electricity, Gas, Steam and Air Conditioning Supply (D) classified in NACE Rev.2 are covered.
 

Unrecorded activity: 35.12, 35.13, 35.14, 35.2, 35.3 and 09 sectors of NACE Rev.2 are not covered.


 

Variables: Production value, production quantity and number of days worked 
 
In the index calculation the production quantity is used in sectors;  05- Mining of coal and lignite, 06- Extraction of crude petroleum and natural gas, 12- Manufacture of tobacco products and 35.11- Production of electricity. Total number of days worked obtained from the data of Social Security Institution is used in sectors; 30.11-Building of ships and floating structures, 3012- Building of pleasure and sporting boats and 30.20- Manufacture of railway locomotives and rolling stock. In the index calculation deflated production value is used for other sectors.
 
Deflator: Domestic and non-domestic producer prices
 
Type of index: Chained Laspeyres Index method (weighted) is used.


Reference year: 2015

Nature of weights: Up to the level of the section according to NACE Rev. 2 classification (2 digit level) weights obtained from the Annual Industrial and Service Statistics are used. For the upper level indices National Accounts value added is used as a weight. For each level t-2 periods weights are used.
 
Treatment of missing data:

In non response situation, the annual rate of change of the enterprises are used for imputation.

 

Data source: Data used for calculation of the index are consist of Monthly Industry Production Questionnaire data and turnover data calculated from Revenue Administration data base. The published data is temporary and data for the last two months is revised every month. When the December press release is published, data for the last one year are revised.

Feature of variables:

Quantity of production: It is the quantity of production which is produced either in the enterprise or produced in another enterprise by giving raw material of the enterprise in the consistent month. The subcontracting by using other enterprises raw materials is not included.

Value of Production: It is the value of production which is produced either in the enterprise or produced in another enterprise by giving raw material of the enterprise in the consistent month. While sales unit price is used for production value calculation for enterprises which questionnaire is applied, the turnover data calculated from the Revenue Administration data is used for the production value of firms that are not covered by the survey.

Quantity of Sales: The quantity of sales includes the products which are produced by another enterprise or produced by another enterprise with the raw materials of the enterprise which is included in survey and sales from the stocks of the enterprise and the products given to other departments of the enterprise in the consistent month. The commercial goods sold without any changes on them are not included. 


Value of Sales: The value of sales includes the value of the products (by using unit price) which are produced either in the enterprise or  by another enterprise with the raw materials of the enterprise which is included in survey and sales from the stocks of the enterprise and the products given to other departments of the enterprise in the consistent month.

Producer's Price:  Producer's price received by a producer for a unit of a good including any tax payable or subsidy receivable on the product as a consequence of its sale or use except invoiced VAT, Special Consumption Tax. It also excludes any delivery charges invoiced separately by the producer.

Turnover (VAT excluded): Turnover comprises the total value of goods and services invoiced by enterprise in reference month and this corresponds to market sales of goods and services supplied to third parties. Turnover includes invoiced by unit vis-a-vis its customer (exception of VAT and deductible taxes linked to turnover) other all taxes and duties. Turnover also includes all other charges (transport, packaging, etc.) passed on to the customer, even if these charges are listed separately in the invoice.
Turnover does not include price decline, discount and allowance, recycling package. The income which is classified in the company’s account as other business income, financial income and extraordinary income are excluded in turnover. Business subventions obtained from the government are also excluded.