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Thursday, July 26 , 2012 - 5.50 GMT
Trade deficit records lowest growth in May

 

The trade deficit decelerated further in May 2012, having narrowed in the previous three months, the Central Bank said yesterday (25) in its External Sector Performance review for the month of May 2012.

Responding to the policy measures taken in the first quarter of 2012, expenditure on imports continued to decline in May 2012 and amounted to US dollars 1,575 million, thus recording a year-on-year decline of 6.4 per cent, the Bank further said.

Foreign direct investment (FDI) inflows to major projects during the first five months of 2012 are estimated at US dollars 437 million.

Investments at the Colombo Stock Exchange increased by US dollars 187 million, on a net basis, by end June 2012.

 

 
 
   
   
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Last modified: July 26, 2012.

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