Sri Lanka economy grows 8.6-pct in 4Q

Industry

Value added in industry grew 8.9 percent up from 7.3 percent a year earlier. The statistics office said manufacturing grew 8.2 percent and mining and quarrying 15.8 percent.

Factory industry had grown 8.8 percent helped by chemicals, petroleum, rubber and plastic.

Electricity, gas and water grew 8.3 percent, up from 5.4 percent a year earlier. Construction grew 8.0 percent.

Services

Services, which is the largest part of the economy, grew 8.8 percent, up from 5.6 percent a year earlier.

Hotels and restaurants grew 41 percent, transport and telecommunications 11.9 percent, banking, insurance and real estate 7.9 percent and wholesale and retail trade by 8.4 percent.

Export trade sector grew 12 percent and the import trade grew 8.3 percent.

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