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Sri Lanka Sees Growth Fly Despite Dip

14 Jun 2017 12:00 AM | Anonymous

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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