Friday, September 14, 2007

Economy grows in second quarter


The country has recorded a 6.4% economic growth in the second quarter of this year which is a 0.3% increase compared to the first quarter of the year, according to the Department of Census and Statistics.

It was 6.1 per cent at the first quarter of the year. The main sectors namely agriculture, industry and services have contributed to GDP by 11.9%, 27.7% and 60.4% respectively.

Director General of the Department of Census and Statistics D.B.P.S Vidyaratna told a conference held at the Information Centre yesterday the services sector has recorded a growth of 6.5% with the contribution of trade ,transport and communication.
The industrial sector has shown a growth of 7.1% compared to last quater. It is a 79.6% growth. The garments sector recorded 66% out of this growth.

Transport and communication sectors have grown by 8.3% compared to 11.9% in the second quarter of 2006 with the contribution of Communication, Postal , Port and Aviation. Postal and communication sector recorded a growth of 21.0%. The number of permanent telephone connections increased by 44.7% and mobile phones by 72.2% during this period.

The Colombo harbour and the South Asia Gateway Terminal has increased its operations by 3.2% counting 807,824 operations.

During the period registration of motor vehicles has recorded both drops and growth and SriLankan Airlines recorded an increase of income by 13.8%.

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