Sri Lanka Index of industrial production up 0.4-pct in June
ECONOMYNEXT- Production in Sri Lanka’s industrial sector increased by 0.4 percent in June 2018 from a year earlier, data from the government statistics office showed.
The Index of Industrial Production, complied by the Census and Statistics Department, recorded a value of 104.8 in June.
Index points over 100 shows an increase in industrial activity during a time period, compared to the index’s base year of 2015.
Food production, which makes up 35.2 percent of the index according to weightage, increased 0.8 percent to 102.7 points in June from a year earlier.
Manufacture of wearing apparels, comprising 19.8 percent of the index, fell 3.6 percent in June to 113.6 points to 92.7 points from a year earlier.
Manufacture of coke and refined petroleum products, which makes up 7.4 percent of the index, increased 33.7 percent in June from a year earlier.
Rubber and plastic production, weighing 5.4 percent of the index, increased 5.6 percent to 116.8 points in June from a year earlier.
Two biggest gainers during the month were fabricated metal and textile production compared to 2017.
Tobacco, paper, pharmaceuticals and machinery and equipment manufacturing fell during June from a year earlier.
Meanwhile, industrial production in June was 0.8 percent lower from a month earlier. For the second quarter of 2018, the index fell 0.3 percent from a year earlier. (COLOMBO, 13 August, 2018)