Sri Lanka industrial production index up 0.4-pct in June

Aug 14, 2018 (LBO) – The volume of industrial production has increased by 0.4 percent in the month of June, 2018 compared to the same month in 2017, the Census and Statistics Department said.

Among the manufacturing industries; volume of products of ‘Coke and refined petroleum products’ (33.7 percent),
‘Manufacture of fabricated metal products’ (19.1 percent) and ‘Manufacture of Textiles’(15.6 percent) have shown remarkable increases meanwhile ‘Manufacture of paper and paper products ’ (27.4 percent), has reported decrease during this period.

The industrial production of the manufacturing sector for the second quarter of 2018 has increased by 0.6 percent compared to the same quarter in 2017.

Among the manufacturing industries; volume of products of ‘coke and refined petroleum products’ (15.0 percent), has shown a remarkable increase in production during the 2nd quarter of 2018, compared to 2nd quarter of 2017 and products of ‘Manufacture of electrical equipment’ (17.2 percent), reported a decrease during this period.

The IIP is a key indicator of economic performance in most countries. Index numbers summarize past developments,
facilitate forecasting of future trends and assist with evidence based policy decisions.