FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Expolanka to continue its winning streak
by samaritan Today at 10:22 am

» POSITIVES & TARGETS BY IMTIAZ BUHARDEEN
by Gowri123 Yesterday at 4:38 pm

» When will supply chain disruptions ease?
by Gowri123 Yesterday at 4:08 pm

» We’re seeing a shift toward international and value stocks, says Schwab’s Kleintop
by target1 Yesterday at 2:40 am

» Wall Street stumbles as consumer pessimism stokes growth fears
by target1 Yesterday at 2:34 am

» Free Market Capitalism vs. Crony Capitalism
by target1 Yesterday at 2:30 am

» Sri Lankan corporations reap large profits as workers and rural toilers face poverty and starvation
by CHRONICLE™ Tue Jun 28, 2022 6:37 pm

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by God Father Tue Jun 28, 2022 6:13 pm

» Derana 360 with Minister Dhammika Perera
by samaritan Tue Jun 28, 2022 1:07 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by LHW Tue Jun 28, 2022 9:24 am

» Breaking News- Kanchana to go to Qatar ; 2 more ministers off to Russia
by Beyondsenses Tue Jun 28, 2022 8:13 am

» PM thanks President Biden for assuring US support to Sri Lanka
by Beyondsenses Tue Jun 28, 2022 8:07 am

» Sri Lanka Stock Market heading toward ASPI 4500
by God Father Mon Jun 27, 2022 9:14 pm

» Why no power cuts in certain areas of Colombo?
by God Father Mon Jun 27, 2022 8:03 pm

» කොළඹ රාජකීය ගොල්ෆ් සමාජය විසින් රජයේ දේපළ අවභාවිත කිරීම
by ddindika Mon Jun 27, 2022 9:33 am

» LOLC to enter the giant Indian Market
by samaritan Mon Jun 27, 2022 9:17 am

» LOLC HOLDINGS PLC (LOLC.N0000)
by CHRONICLE™ Mon Jun 27, 2022 6:46 am

» SOEs within Minimum Programme for Economic Recovery
by CHRONICLE™ Mon Jun 27, 2022 6:44 am

» COVID WAVES: Can there be another Covid-19 wave in Sri Lanka?
by CHRONICLE™ Mon Jun 27, 2022 6:36 am

» Luminex Limited lists on the Diri Savi Board after a capital raise of Rs. 250 Million
by CHRONICLE™ Mon Jun 27, 2022 6:34 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » First quarter nets 6.4% economic growth

First quarter nets 6.4% economic growth

Go down  Message [Page 1 of 1]

1First quarter nets 6.4% economic growth Empty First quarter nets 6.4% economic growth Tue Jun 16, 2015 8:08 am

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Sri Lanka’s economy grew at an annual 6.4% in the first quarter of this year, the same pace it recorded in the last three months of 2014 and hovering at its slowest since the first quarter of 2013, the statistics office said on yesterday.

According to figures released by the Department of Census and Statistics key pillars of the economy, agriculture, industries and services sectors has shared the Gross Domestic Product (GDP) at constant price (2002) by 10.9%, 32.7% and 56.3% respectively in the first quarter of 2015.

The growth rates for the 2015 first quarter for these three sectors were 0.7% (Agriculture), 6.5% (Industries) and 7.5% (Services).
First quarter nets 6.4% economic growth 01-021



The country’s economy slowed down in the fourth quarter of 2014 significantly from the growth in previous three months and for the year and recorded a growth rate of 7.4%. The Central Bank expects the economy to grow at 7.0% this year.

In the first quarter the ‘Agriculture, Livestock and Forestry’ sub sector grew slightly by 1.3% while ‘Fishing’ sub sector decreased by 3.8% in the first quarter of 2015 compared to the corresponding period.

Percentage growth in ‘Plantation development’ sector showed an increase of 2.1% in the first quarter of 2015 compared to the considerable drop of 7.4% reported in 2014first quarter.

The data showed that the factory industry sub sector in has grown up by 7% in the first quarter of 2015. The major contributors of factory industry, ‘Food beverages and tobacco’ and ‘Textile wearing apparels and leather products’ showed growth rates of 9.6%t and 10.4% respectively.

The percentage of hydro-power generation has increased by 83% and thermal power generation has decreased by 22% in the first quarter of 2015. Hence, the existed ratio of 26:74 hydro and thermal power generation in the first quarter of 2014 has changed to 45:55 in the first quarter of 2015.
The Service sector contributed the highest share of 56.3% to the GDP, recorded a 7.5% increase in the first quarter of 2015 compared to the 6.5% in the same period last year.

The main three pillars of the ‘Wholesale and retail trade sector’, ‘Export trade’, ‘Import trade’ and ‘Domestic trade’ have grown by 2.9%, 19% and 10.8% respectively.

According to the Balance of Payment (BoP) Statistics of Central Bank of Sri Lanka, export earnings has increased to Rs. 378,918 million in the first quarter of 2015, from Rs. 368,151 million in 2014, indicating a slight growth of 2.9%. Compared to the first quarter of 2014,agricultural exports dropped by 5.1% and industrial exports grew by 6.8%.
Courtesy: Daily Financial Times 16 June 2015

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum