Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate10.03%
12M T-Bill Rate10.23%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR300/301
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Index of Industrial production marginally up in Sep

EconomicsNov 13, 2022
Index of Industrial production marginally up in Sep

The IIP provides Information to gauge industrial performance and to forecast future economic performance. IIP was up marginally in September. But year on year basis it is down by 9.3% and it is down by 15% compared with 3Q 2021.

This weak industrial performance in 3Q would pull the GDP growth further down in 3Q 2022.

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