The industry sector grew by 9.5 percent in the Q2 2012 as against the 9.5 percent growth in Q2 of 2011, sates the Central Bank.
The manufacturing sub sector which is the highest contributor to the industry sector grew by 6.2 percent in the Q2 of 2012.
The Mining & Quarrying sub sector grew by 13.7 percent in Q2 of 2012. Gem Mining decreased by 12.5 percent as against 7.5 percent in Q2 2011.
The Factory Industry grew by 6.2 percent in the Q2 of 2012. “Food and beverages products”, “Textile, wearing apparel & leather products”, and “Chemicals, petroleum, rubber & plastic products” grew by 6.3 percent, 5.5 percent and 7.3 percent respectively.
Industrial Exports which contribute more than 70.0 percent to the total export earnings (in Rupee terms) grew by 8.9 percent.
Electricity, Gas and Water sub sector recorded growth of 4.5 percent in Q2 of 2012 as against the 12.3 percent growth in the same quarter of 2011. Electricity, which is the largest contributor to this sub sector grew by 3.9 percent.
Hydropower generation, dropped by 51.5 percent chiefly due to unfavorable weather, and hence the demand for Thermal power generation increased by 56.8 percent.
In real terms, the construction sub sector indicated a 18.3 percent growth for Q2 2012 compared with the growth of 10.6 percent in the same quarter of last year.
The total cement production increased from 927,937 Mt. to 1,149,610Mt. Indicating 23.9 percent increase in the reference period. Imported building materials quantity index increased from 103.7 Q2 2011 to 117.1 Q2 2012 indicating a 12.9 percent.