Inflation ( CCPI)1.5% (April 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate8.76%
12M T-Bill Rate9.29%
2Y T-Bond Rate10.00%/ 10.05%
4Y T-Bond Rate10.70% / 10.80%
Reserves $5.438Bn (April 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Industrial production has fallen by 25.3 % in Dec 2022 from a year earlier

EconomicsFeb 15, 2023
Industrial production has fallen by 25.3 % in Dec 2022 from a year earlier

The volume of industrial production has decreased by 25.3 % in Dec. 2022 compared to the same month in 2021. Manufacturing of food products (-21.3%), Textiles (-37.2%), and wearing Apparel (-12.1%) are major contributors to this downfall of industrial production.

Among the manufacturing industries; the volume of products of Tobacco products (8.4%), the Manufacture of wood and products of wood and cork except for furniture; manufacture of articles of Straw and plaiting materials (2.9%) has shown increases meanwhile, the Manufacture of fabricated metal products (71.2%) has reported remarkable decrease during this period.


Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.