Sri Lanka industrial production down 0.7-pct in Sept
Nov 10, 2018 12:52 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka's industrial production in September 2018 fell 0.7 percent from a year earlier with declines in food manufacturing, the state statistics office said.
The Department of Census and Statistics said the Index of Industrial Production fell to 106.9 index points in September. An index value over 100 shows a growth in manufacturing compared to the base year of 2015.
In September, food manufacturing, which accounts for just over a third of industrial production fell 2.2 percent from a year earlier to 105.2 points. Food products 35.2
Apparel manufacturing, making up 19.8 percent of the industrial sector, grew 3.7 percent to 111.1 points.
Other non-metallic mineral products, the third highest, grew 6.7 percent to 116.3 points.
Coke and refined petroleum production, making up 7.4 percent of industrial activity, grew 8.4 percent to 114.6 points.
Rubber and plastic production, forming 5.7 percent of manufacturing, fell 8.8 percent to 100.8 points.
Textile manufacturing grew 14.6 percent to 126.6 points, while tobacco manufacturing fell 23 percent to 90.2 points.
During the third quarter of 2018 the index recorded 107.4 points, up from 107.2 points a year earlier, with a marginal fall in food production offset by increases in the other 4 main industries. (Colombo/Nov09/2018)