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Monday, December 27, 2010 - 05.55 GMT |
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Industry sector grows by 8.8% |
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The industry sector grew by 8.8 percent in the Q3 2010 against 4.4 percent growth in Q3 of 2009. The manufacturing sector which is the largest portion of industry sector grew by 6.5 percent in the Q3 of 2010.
The growth rate of Gem mining in the Q3 2010 recorded a 10.2 percent. The export quantity of precious stones and semi precious stones increased by 21.2 percent in the reference period.
The factory industry grew by 6.8 percent. The higher growth of factory industry was supported by the higher growth of “Chemicals, Petroleum, rubber & plastic products” by 9.8 percent, “Non-metallic mineral products” by 11.3 percent and “Fabricated metal machinery & equipment” by 9.7 percent and “Textile, wearing apparel & leather products” by 3.2percent.
The export quantity of “Chemical products” “Rubber Tires, and Tubes etc.” and “other articles of rubber products” increased by 4.1 percent, 41.1 percent and 6.0 percent respectively.
The growth rate for the sub sector of “Electricity, Gas and Water” is 8.5 percent for the reference quarter against 6.7 percent growth in the Q3 2009. The overall electricity generation grew by 8.3 percent during the quarter, while Hydro power generation recorded a 30.5 percent growth and the Thermal power recorded a (-) 11.8 percent growth.
Construction sub sector grew by 11.3 percent in the Q3 of 2010 as against 6.4 percent growth in the same quarter previous year. This Q3 growth is the highest ever recorded quarterly growth achieved since 2002. This highest growth was mainly supported by the diverse projects initiated by the government ranging from village level small road development activities to mega development projects.
In addition to these, currently operated rehabilitation and resettlement programs especially in Northern and Eastern provinces also propelled the growth. Increment of cement availability, loan disbursement, and capital expenditure incurred into the construction sector affirmed the compiled growth. The availability of cement has increased by 11.8 percent in this quarter against the same quarter of previous year (-) 1.3 percent.
The disbursement of loans for construction of houses, business premises, other buildings and for the property development increased by 25.2 percent during the reference period. Total capital expenditure, including Highways development and widening & improvement of roads increased by 65.0 percent in this quarter.
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