Industrial Production Increased In Q1

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Compared to the first quarter of the previous fiscal year, the same period of the running fiscal year 2012/13 has witnessed a significant growth in the manufacturing sector. According to the figures released by the Central Bureau of Statistics (CBS) in January, the country’s overall industrial production index has increased by 12.56 points from 98.50 in the first quarter of previous fiscal year to 111.06 in the same period this year.

Compared to the first quarter of the previous fiscal year, the production of bakery, chocolates, processed tea, textiles, garments, soaps, plastic and cement has sizeably increased in the same period this year.  The production index of chocolates has increased the most by over 67 points to 174.03 this year from 106.69 in the first three months of the last fiscal year. Similarly, the production of bakery products has gone up to 185.36 with an increment of 58.09 points. Garment production has increased by 60.77 points and reached 152.95 this year. Likewise, textile production has increased by 43.9 points and reached 103.30 in the first three months of this fiscal year.

Similarly, milk, liquor, woollen carpets, papers, lube oil, drugs and furniture production too has increased, according to the statistics. However, the production of soybean oil, vegetable ghee, steel rods and electric cables has declined. The figures show that the production of soybean oil has declined the most by 62 points and reached 98.90 during the review period. Likewise, the production of vegetable ghee too has decreased to 72.35 from 99.40 in the first quarter of the previous fiscal year. Similarly, steel rods’ production has decreased by 7 points to reach 112.37. Among others, production of cigarettes, plywood, food grains and animal feeds too has decreased.

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