Sri Lanka industrial activity up 2.8-pct in October
Dec 17, 2018 15:16 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT- Industrial activity in Sri Lanka grew 2.8 percent from a year earlier in October 2018 with growth across most major sectors, the state statistics office said.
The Index of Industrial Production compiled by the Census and Statistics Department grew to 111 points in October from 108.6 points a year earlier.
An index value over 100 shows a growth compared to the base year of 2015.
Activity during October is usually one of the highest, ahead of the December holiday season.
Food production, which is estimated to make up 35.2 percent of all value-added industrial activity, grew 0.3 percent from a year earlier to 104.9 points.
The second largest apparel manufacturing industry which encompasses 19.8 percent of activity, grew 8.2 percent to 122 points.
Manufactory of other non-metallic mineral products (7.8 percent of industrial activity) grew 11.4 percent to 123.2 points.
Coke and refined petroleum production, which is 7.4 percent of industrial activity, grew 8.5 percent to 114.4 points.
Rubber and plastic production manufacturing, the fifth largest industry with 5.7 percent of production, grew 6.4 percent to 119.9 points.
Beverage production was the highest growing industry in October, up 27.4 percent to 107.8 points. However, this made up just 3.8 percent of the country's industry.
Paper and paper products manufacturing (1.7 percent of industrial activity) fell 37.4 percent to 75.2 points. (Colombo/Dec17/2018)