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Sri Lanka Sees Growth Fly Despite Dip

Wednesday, June 14, 2017

According to the monthly Index of industrial Production (IIP) released by the Census and Statistics Department, the volume of industrial production in Sri Lanka has increased by 1.8% in April 2017 compared to the same month in 2016. Among the manufacturing industries, the volume of products of ‘Furniture’ (27.8%), ‘Other non-metallic mineral products’ (10.4%) and ‘Fabricated Metal Product’ (10.2%) has shown remarkable increases during April, 2017 compared to those of April 2016 while the volume of food products has increased by 0.1 %. The manufacturing industries, volume of ‘Wood and products of wood’ (22.3%) and ‘Chemical and Chemical products’ (9.8%) and ‘Tobacco product’ (8.6%) reported decreases during this period. However, the Index of Industrial Production (IIP) declined to 98.7 in April from 109.5 in March 2017.

Related news: India to Support Sri Lanka Railway Investment, Sri Lanka Growth to Accelerate in 2017

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