Industrial production up 6% YoY in September

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By 2017-11-14

Sri Lanka's industrial production volume has increased by 6% in the month of September, 2017 compared to the same month in 2016. The Index of Industrial Production (IIP) reported for the month of September 2017 and 2016 were 107.7 and 101.6 respectively according to the Department of Census and Statistics (DCS).

Issuing a communique, Director General of DCS, Dr. A.J. Satharasinghe stated that the manufacturing industries; 'Fabricated Metal Products', 'Basic metal products' and 'Printing and reproduction of recorded media' have shown remarkable increases of 26.1%, 19.7% and 16.4% respectively in their volume of production during the month of September, 2017 compared to that of September, 2016. The volume of food products has increased by 7.3%.

However, manufacturing industries; Volume of 'Furniture', 'Beverages' and 'Other manufacturing' reported decreases by 14.9%, 13.9% and 12.7% respectively during this period. The industrial production of the manufacturing sector for the third quarter of 2017 has increased by 3.9% compared to the same quarter in 2016.

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