Published On: Sat, Aug 12th, 2017

Production capacity of industry Increased

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Director General of the Department of Census and Statistics Dr. AJSatherasinghe stated that the production of Industrial Production Index in June 2017 will be 0.3% higher in the production capacity of the manufacturing industry in the year 2017 compared to the production in June 2017. the.

The industrial production index recognizes the nature of the industrial sector in the economy over a given reference period. Moreover, this can identify the turning points of economic development. Accordingly, this index, calculated as the base year 2015, will be issued after a period of 42 days from the month of January 2017.

Further, in June 2016, there was a notable increase in the prices of primary pharmaceuticals (19.5%), basic basic metals (14.0%) and ‘highly processed metal products’ (12.7%) in June. Food production grew 2.3 percent in June 2017.

Moreover, the production of ‘coal and petroleum refining products’, ‘chemicals and related products’ and ‘beverage products’ were 29.6%, 12.1% and 9.2% respectively respectively in June 2016 respectively. In the second quarter of 2017, production capacity of the manufacturing industry grew by 1.4%.

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Production capacity of industry Increased