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Socio Economic Data

Daily Money Market Rates

Updated on  Aug. 17  2001

     Economic Indicators
 

Exchange Rates

EXCHANGE RATES (Rs Per Unit)

 Week Ending    Aug. 17 Week Ago Year Ago
Commercial Bank Middle Rate     
US$ 89.81 89.89 78.31
STG 129.77 128.19 117.51
DM 41.92 40.99 36.59
FFr 12.50 12.22 10.91
Yen 0.75 0.74 0.72
Euro 81.99 80.18 71.57
                                     SDR (As at 16  Aug. 2001) 115.49 113.75 101.56
                                                                                                                                                   Central Bank purchases and sales of foreign exchange from commercial banks  at market rates( US$ Mn. ) - total for week

Week Ending   Aug. 16

 Week Ago Year Ago
Purchases 31.00 23.45

-
Sales - -

-

Average Daily Inter-Bank Turnover (US$ Mn.) 3.11 3.52 14.69
(spot. tom and cash transactions among commercial banks )      
Forward Rates (US$)                                   1 Month 91.02 - 78.94

         3 Months

 93.39 93.45 79.97
(Weekly average based on actual transactions.)      

In nominal terms, the Rupee appreciated against the US$   while it depreciated against the  STG, DM, FFr ,Yen,  EURO and  SDR.

Interest Rates
INTEREST RATES (%) Week Ending Aug. 17 Week Ago Year Ago
Commercial Bank Prime Lending Weekly Average (PLR) 19.40 19.70 16.26
Treasury Bill Yield (TBR) - 3 Months (91 days) 17.52 17.90 12.50
                                         -   6 Months (182 days) 17.60 17.96 12.60
                                         - 12 Months (364 days) 17.60 17.65 13.36
Central Bank Overnight Repurchase rate (Repo)(1) 15.00 15.00 11.00
Central Bank Overnight reverse Repurchase rate(1) 18.50 18.50 15.00
Call Money Weekly Average (CMR) 18.09 18.46 14.96
Sri Lanka Inter Bank Offer Rate ( SLIBOR )(1)      
1 day 18.00 18.48 15.35
7 days 18.29 18.60 15.46
1 Month 18.35 18.69 15.46
3 Month 18.33 18.50 15.27
6 Month 18.23 18.33 15.27
12 Month 18.19 18.21 15.13
June  2001

Month ago

 Year Ago
Saving Deposits - Commercial Banks 4.00-15.0 4.0-14.0 2.0 - 10.0
One Year Fixed Deposits 9.00-18.5 9.0 -18.0 9.0 -12.5
  July  2001

Month ago

 Year Ago
Commercial Bank Average Weighted Deposits (AWDR)  11.41 11.55

19.13
Commercial Bank Average Weighted Fixed Deposits (AWFDR) 14.70 14.59 11.04
Saving Deposits - NSB 10.0 10.0 8.4
One Year Fixed Deposits - NSB 16.0 16.0 11.5
Treasury Bonds Auction  (2Y) July 30 (2Y) May 31 (3Y) July 26
Coupon rate 13.00 13.00 13.25
Weighted Average Yield  15.91 17.87 15.75
Central Bank Securities (7 days)

Current Rate Aug. 17

        Rate on          Aug. 02
Interest Rate 15.16   15.191
  Treasury bill rates decreased.Call money rates stabilised within 17.50 per cent to 19.00 per cent  during the week.

(1) As at last working day of the week. 

TREASURY BONDS

                                                           BUYING AND SELLING PRICES OF TREASURY BONDS                                                                  Quoted by Primary Dealers on 16/08/2001 

Bond Series

 Maturity Period (Years) Maturity D / M / Y

Average Buying Price*

 Yield ** Average Selling Price * Yield **
11.00% 2001 C 2 01/09/2001 99.66 18.00 99.67 17.79
11.00% 2001 D 2 01/12/2001 97.93 18.04 98.01 17.74
10.75% 2002 A 2 01/01/2002 97.39 17.93 97.49 17.65
10.75% 2002 B 2 01/04/2002 95.89 17.90 96.05 17.62
10.75% 2002 C 2 15/05/2002 95.16 17.87 95.33 17.60
10.75% 2002 D 2 01/06/2002 94.89 17.87 95.08 17.60
10.75% 2002 E 2 26/06/2002 94.50 17.87 94.70 17.59
10.75% 2002 F 2 01/07/2002 94.40 17.89 94.60 17.62
10.75% 2002 G 2 01/08/2002 93.95 17.88 94.16 17.62
10.75% 2002 H 2 01/10/2002 93.02 17.83 93.42 17.39
10.75% 2002 J 2 15/10/2002 92.80 17.83 93.21 17.39
10.75% 2002 K 2 01/11/2002 92.61 17.75 93.05 17.31
10.75% 2002 L 2 24/11/2002 92.27 17.75 92.73 17.31
10.75% 2002 M 2 28/11/2002 92.22 17.75 92.68 17.31
10.75% 2002 N 2 08/12/2002 92.06 17.75 92.53 17.31
10.75% 2002 O 2 22/12/2002 91.88 17.73 92.37 17.29
13.00% 2003 A 2 01/01/2003 94.80 17.37 95.20 17.02
13.00% 2003 B 2 26/01/2003 94.78 17.22 94.90 17.12
13.00% 2003 C 2 23/02/2003 94.51 17.25 94.92 16.93
13.00% 2003 D 2 15/05/2003 93.92 17.13 94.11 16.99
11.50% 2001 E 3 01/10/2001 99.10 18.06 99.14 17.77
11.50% 2001 F 3 01/12/2001 98.07 18.01 98.16 17.71
11.25% 2002 A 3  01/01/2002 97.56 17.93 97.66 17.65
11.25% 2002 B 3 01/03/2002 96.67 17.92 96.80 17.63
11.25% 2002 C 3 01/05/2002 95.73 17.83 95.89 17.57
11.25% 2002 D 3 01/07/2002 94.80 17.88 94.99 17.62
11.25% 2002 E 3 01/08/2002 94.37 17.88 94.58 17.62
11.25% 2002 F 3 01/09/2002 93.96 17.83 94.34 17.39
11.00%. 2003 A 3 01/01/2003 92.45 17.38 92.84 17.03
11.00%. 2003 B 3 01/04/2003 91.58 17.12 92.09 16.73
11.00% 2003 C 3 15/05/2003 91.07 17.08 91.58 16.72
11.00% 2003 D 3 01/06/2003 90.95 17.03 91.45 16.68
11.00% 2003 E 3 15/08/2003 90.16 17.02 90.77 16.62
11.00% 2003 F 3 08/09/2003 89.86 17.02 90.49 16.62
11.00% 2003 G 3 01/10/2003 89.61 17.00 90.26 16.60
11.00% 2003 H 3 15/10/2003 89.45 17.00 90.11 16.60
11.00% 2003 J 3 01/11/2003 89.26 17.00 89.44 16.89
13.25% 2004 A 3 01/11/2004 92.13 16.79 92.85 16.45
11.50% 2001 A 4 01/07/2001 98.56 18.04 98.62 17.74
11.50% 2001 B 4 15/11/2001 98.33 18.04 98.40 17.74
12.00% 2002 A 4 01/07/2002 95.38 17.88 95.57 17.62
12.00% 2002 B 4 01/10/2002 94.24 17.83 94.65 17.39
11.50% 2003 A 4 01/01/2003 93.18 17.24 93.61 16.86
11.50% 2003 B 4 01/03/2003 92.62 17.12 92.76 17.01
11.50% 2003 C 4 01/06/2003 91.69 17.03 92.20 16.68
11.50% 2003 D 4 01/07/2003 91.41 17.02 91.93 16.66
11.50% 2003 E 4 01/09/2003 90.78 17.02 91.41 16.62
11.25% 2004 A 4 01/01/2004 89.37 16.84 90.00 16.48
11.25% 2004 B 4 01/04/2004 88.53 16.81 89.19 16.47
11.25% 2004 C 4 15/05/2004 88.13 16.79 88.81 16.45
11.75% 2004 A 5 01/03/2004 89.82 16.83 90.46 16.48
11.75% 2004 B 5 01/09/2004 88.37 16.78 89.11 16.43
11.50% 2005 A 5 01/01/2005 87.11 16.63 87.98 16.25
11.50% 2005 B 5 15/03/2005 86.54 16.63 87.44 16.25
11.50% 2005 C 5 01/04/2005 86.41 16.63 87.32 16.25
12.00% 2005 A 6

01/09/2005

 86.77 16.62 87.78 16.23
11.75% 2006 A 6 01/01/2006 85.37 16.57 86.52 16.15
11.75 % 2006 B 6 15/03/2006

84.94

16.56 86.12 16.14
11.75 % 2006 C 6 01/04/2006 85.07 16.48 86.26 16.06
11.75 % 2006 D 6 15/05/2006 84.79 16.48 86.00 16.06
* Per Rs. 100/-. 

** Yield to maturity % per annum. 

 # This report is based on two - way quotes submitted by eight Primary Dealers. 

Government Debt Securities Market

WEEKLY  SUMMARY OF SECONDARY   MARKET TRANSACTION S AND 

                     WEIGHTED AVERAGE  YIELD RATES  (Rs. Mn. )

 

Item/ Week Ended

 This Weekending Aug. 15 Last Weekend Aug. 08
Primary Market         T-bills     
                                                             Outstanding      156420 156420
                                                             Total Offer 1638 1866
                                   Yields               <  =91days         17.52 17.90
                                                             < 182 days 17.60 17.96
                                                             < 364 days 17.60 17.65
                                   T. bonds           Outstanding 224978 224978
                                                            Total Offer - -
                                   Yields              2 Year - -
                                                            3 Year - -
Secondary Market   T- bills    
                                                          Outright Transactios    
                                                          Purchased 122 306
                                                          Sold 2110 1552
                                                         Ending Stock 5273 5626
                                    Repo Transactions    
                                                          Repurchase 6461 6397
                                                          Reverse    
                                                          Repurchase 3129 3052
                                   T- bond    
                                                         Outright Trtansactions    
                               Purchased 126 190
                   Sold 267 305
Ending Stock 9435 9635
Repo Transactions    
                                                        Repurchase 8911 7632
                                                        Reverse    
                                                        Repurchase 13483 8740
Weighted Average Yield Rates ( %  Per annum )     
Treasury Bills        Purchased   <= 91 days  17.87 18.26
                                                         < 182 days 17.98 18.24
                                                        <364 days 17.54 17.94
                                   Sold             <= 91 dauys 17.76 18.00
                                                        <182 days 17.86 18.04
                                                        < 364 days 17.33 17.96
Tresury Bonds     Purchased     <= 1 Year 18.50 19.00
                                                         1+ Yrs 17.12 16.82
                                                         2+ Yrs - -
                                                          3+ Yrs - -
                                 Sold                 <= 1 Year - 18.50
                                                           1+ Yrs 17.05 17.36
                                                           2+ Yrs - -
                                                           3+ Yrs - -
Source: Primary Auctions & Primary Dealer Weekly Reporting System

TWO WAY QUOTES FOR TRESURY BILLS

Quoted by primary Dealers on 16/08/2001
Remaining Maturity Average Buying

Price *

 Yield ** Average Selling Price * Yield ** Buying & Selling Spread
1-7 Days 99.65 18.50 99.66 17.83 0.01
1 Month 98.48 18.51 98.53 17.82 0.05
2 Month 97.01 18.19 97.10 17.63 0.09
3 Month 95.53 18.12 95.71 17.40 0.18
4 Month 94.02 18.18 94.23 17.54 0.21
5 Month 92.53 18.18 92.79 17.54 0.26
6 Month 91.06 18.12 91.39 17.45 0.33
7 Month 89.52 18.21 89.83 17.68 0.31
8 Month 88.03 18.20 88.42 17.61 0.39
9 Month 86.56 18.18 86.97 17.61 0.42
10 Month 85.23 17.98 85.57 17.56 0.34
11 Month 83.71 18.01 84.12 17.56 0.41
12 Month 82.51 17.73 82.94 17.30 0.42
* Per Rs. 100      ** Yield to maturity % per annum

This report is based on two - way quotes  submited eight primary Dealers

Money Market

MONEY MARKET ACTIVITY - VOLUMES ( Rs. Mn )

 Week Ending Aug. 16 Week Ago Year Ago
Inter - bank Call Money Turnover (a) 5653 4771 4800
Central Bank Secondary Window (a)      
Treasury bills      
        Repo 234 172 52
        Outright sales 38 1 57
        Outright purchases 0 0 0
        Reverse Repo 89 251 622
Treasury bonds   
       Repo - - -
       Outright sales - - -
       Outright purchases - - -
       Reverse Repo 15298 16627 4240
Central Bank Holdings  
      Treasury bills 45578 46023 30906
      Treasury bonds 14137 16156 8087
(a) Daily average for week

 

Commercial Paper Issues

COMMERCIAL PAPER ISSUES (1)

 2001 * to June 2000 1999
Total Issues ( Rs. bn.) 10.7 14.1 16.2
Outstanding ( at the end of the period ) ( Rs. bn. ) 7.1 4.0 4.3
*Provisional                                                                                                                       (1) Based on the information provided by commercial banks and merchant banks

CREDIT CARDS

CREDIT CARDS

 2001 End     June 2001 End May 2000    End Dec.
       
Total Number of Active Cards 230875 227531 205324
               Local (accepted only locally) 53329 55243 51727
                Global (accepted globally) 177546 172288 153597
       
Outstanding balance (  Rs. Mn. ) 4484 4386 3738
               Local (accepted only locally) 440 437 403
               Global (accepted globally) 4044 3948 3335

Share Market

SHARE MARKET

Week Ending       Aug. 16

 Week Ago

Year Ago
All Share Price Index (1985 = 100) (ASPI) 385 411 498
Milanka Price Index (31/12/1998 = 1000) (MPI) 547 605 811
Average Daily Turnover (Rs. Mn) 84 6 20
Market Capitalisation (Rs.bn.) 76.7 81.8 98.4
The  All share price Index and  Milanka price index decreased  by  26  index points and 58 index points respectively.   Average daily turnover increased by  Rs.78  mn.

 

Money Supply

MONEY SUPPLY

    2000 (a)          End June

 Month Ago Year Ago
M1 (Rs. bn.) 108.5 110.2 108.8
M2 (Rs. bn.) 405.5 406.1 370.6
M2b (Rs. bn.) 495.7 498.3 442.8
Net Foreign Assets of the Banking System (Rs.bn.)(b) 72.1 70.4 87.0
    Monetary Authorities (Rs. bn.) 65.1 61.3 80.5
    Domestic Banking Units (DBUs) (Rs.bn.) 7.1 8.5 4.1
    Foreign currency Banking Units (FCBUs) (Rs. bn.) -0.1 0.6 2.4
Net Domestic Assets of the Banking System (Rs.bn) (b) 423.6 427.9 355.8
        DBUs (Rs.bn.) 396.0 400.3 334.6
        FCBUs (Rs. bn.) 27.6 27.5 21.2
   Net Credit to Government (Rs.bn) 154.7 160.5 106.9
       Monetary Authorities (Rs. bn.) 89.4 92.4 61.1
       DBUs (Rs.bn.) 52.0 54.7 39.2
       FCBUs (Rs. bn.) 13.3 13.4 6.6
  Credit to Corporations (Rs.bn) 43.6 43.8 22.6
      DBUs (Rs.bn.) 22.3 21.5 19.4
      FCBUs (Rs. bn.) 21.3 22.3 3.2
  Credit to the Private Sector (Rs.bn) 387.5 385.3 346.0
     DBUs (Rs.bn.) 322.9 320.6 285.9
     FCBUs (Rs. bn.) 64.6 64.7 60.1
Reserve Money (Rs.bn.) 103.4 103.1 101.5

Annual Change (%)

      
M1 -0.2 3.5 8.9
M2 9.4 11.2 13.1
M2b 11.9 14.4 11.4
Net Foreign Assets of the Banking System (b) -17.1 -20.8 -13.8
      Monetary Authorities -19.1 -23.5 -15.6
      Domestic Banking Units (DBUs) 73.1 53.7 -199.0
      Foreign currency Banking Units (FCBUs) -106.3 -82.8 -75.7
Net Domestic Assets of the Banking System (b) 19.1 23.4 19.9
        DBUs 18.4 21.5 19.1
        FCBUs 30.1 58.6 35.3
   Net Credit to Government 44.7 59.4 38.9
        Monetary Authorities 46.3 63.0 83.8
        DBUs 32.8 44.7 10.2
        FCBUs 99.7 117.0 -19.2
   Credit to Corporations 93.0 121.7 182.6
        DBUs 15.0 25.3 142.4
        FCBUs 564.2 754.3 -
    Credit to the Private Sector 12.0 14.3 12.1
        DBUs 12.9 14.5 10.9
        FCBUs 7.5 13.4 18.2
Reserve Money 1.9 1.8 8.6
(a) Provisional
WEEKLY  CHANGE   IN  RESERVE  MONEY 10 Aug. 2001 Week Ago Change
Reserve Money(Rs.Mn) 105218 106267 -1049

Wholesale Prices

WHOLESALE PRICES PETTAH MARKET

Week Ending Aug. 17

Week Ago

Month Ago

Year Ago
Rice (Rs/Kg)          
   Samba 27.50 27.00 27.00 26.50
   Kekulu 24.50 24.50 23.50 22.50
Vegetables (Rs/Kg)        
   Pumpkins 27.50 27.50

27.50

 11.00
   Ash-Plantains 22.50 22.50 17.50 19.00
   Snake Gourd 9.00 9.00 11.00 7.00
   Beans 32.50 32.50 37.50 37.50
   Carrots 32.50 32.50 37.50 22.50
  Tomatoes 9.00 13.50 37.50 16.00
Other Foods (Rs/Kg)        
  Red-Onions 29.00 30.00 33.50 47.50
  Big-Onions 26.50 27.50 27.50 32.00
  Potatoes 62.50 55.00 62.50 42.00
  Dried Chilies 140.00 145.00 121.00 100.00
  Eggs 2.70 2.70 3.90 3.40
Fish (Rs/Kg)        
  Balaya 80.00 100.00 60.00 100.00
  Salaya 30.00 45.00 40.00 55.00
  Paraw 165.00 165.00 150.00 155.00
  Kelawalla 125.000 155.00 105.00 100.00

   Wholesale  price of samba rice increased slightly during the week. Price of red onion and big onion dropped due to increase in supply while prices of potatoes increased due to drop in supply. Price of fish also dropped due to increase in supply. Price of most varietie of vegetable  remained stable during the week.

Retail Prices

RETAIL PRICES PETTAH MARKE

            Week Ending     Aug. 17

Week Ago (Average)

 Month Ago (Average)

Year Ago (Average)
Rice (Rs/Kg)        
    Samba 32.00 33.00 33.00 31.15
    Kekulu 27.00 27.00 27.00 27.72
Vegetables (Rs/Kg)        
    Pumpkins 35.00 40.00 45.62 23.72
    Ash-Plantains 36.00 39.00 39.57 35.07
    Snake Gourd 28.00 31.00 29.90 28.34
    Beans 48.00 48.00 49.52 45.63
    Carrots 48.00 50.25 52.81 43.78
    Tomatoes 20.00 20.00 37.43 37.20
Other Foods (Rs/Kg)        
    Red-Onions 40.00 40.00 49.73 63.40
    Big-Onions 34.00 36.00 32.38 32.16
    Potatoes 70.00 72.50 72.86 42.75
    Dried Chilies 170.00 150.00 139.05 112.38
   Eggs 2.80 3.40 3.98 3.81
Fish (Rs/Kg)        
    Balaya 90.00 70.00 76.43 88.60
    Salaya 40.00 56.25 51.43 41.18
    Paraw 240.00 227.50 227.62 207.16
    Kelawalla 210.00

147.50

 193.62 184.50

Price Indices

PRICE INDICES

 July  2001

Month Ago

 Year Ago
Colombo District Consumers' Price index (CDCPI)      
(Oct.1996 - Sep.1997 = 100) 130.3 131.3 119.1
Annual Average Change % 8.9 8.7 1.8
Point to Point Change % 9.2 10.2 6.9
 

May.2001*

 Month Ago Year Ago
Wholesale Price Index (WPI) (1974 = 100) 1428.3 1432.6 1300.6
Annual Average Change % 5.8 5.1 -0.3
 

July  2001

 Month Ago Year Ago
Colombo Consumers' Price index (CCPI) (1952 = 100) 2946.8 2973.6 2599.3
Annual Average Change % 12.4 12.2 4.4
Point to Point Change % 13.4 14.7 10.1
 

June  2001

 Month Ago Year Ago
Greater Colombo Consumers' Price Index (GCPI)      
                         (Jan - Jun 1989 = 100) 282.3 278.1 256.0
                          Annual Average Change % 8.1 7.5 1.3
The annual average change of the CDCPI computed by the Central Bank of Sri Lanka was 8.9 per cent in July  2001. The WPI showed an annual average change of 5.8  per cent in May CCPI , Prices of commodities  in the food ctegory decreased by 1.3 per cent. prices of  garlic,cummin seed, red onions, most varieties of  fresh fish and some varieties of vegetables decreased during the month. However,price increases were recorded for rice , dried chillies , coconut oil, some varieties of dried fish, potatoes, coconuts and eggs. 

Nominal Wages

NOMINAL WAGES

2001* April

 2000 April % Change
Central Government Employees (1978 = 100) 1239.4 1001.4 23.8
Workers in Wages Boards 1045.5 982.9 6.4
          Agriculture 1169.5 1116.0 4.8
          Industry & Commerce 908.7 857.9 5.9
          Services 678.0 559.7 21.1
*Provisional 

 

Agricultural Production
AGRICULTURAL PRODUCTION

2001 * Jan -June

2000  Jan -June

 % Change
Tea (Mn Kg) 158.7 160.3 -1.0
Rubber (Mn Kg) 44.9 45.4 -1.1
Coconuts (Mn Nuts) 1398.0 1439.0 -2.8
* Provisional

 INDUSTRIAL PRODUCTION

INDUSTRIAL PRODUCTION 2001 June 2000 June % Change
Private Sector Industrial Production Index (1997=100) 129.1 128.9 0.2
Public Sector Major Industrial Output  Index (1997=100 133.8 127.3 5.1

Government Finance

GOVERNMENT FINANCE

  2001*  Jan - May

 2000  Jan - May 2001  Budget
Revenue (Rs.bn) 96.5 85.8 264.5
Expenditure & Lending Minus Repayments (Rs. bn) 156.1 129.3 387.5
   Current 122.4 99.7 281.4
   Capital & Lending Minus Repayments 33.7 29.6 106.1
(Government Finance data are according to the economic classification).                                                   *Provisional                                                                                                                                                                                                                   Total Revenue increased by 12.5  per cent over the period. 

 

Government Debt

GOVERNMENT DEBT

 End May 2001 (a) Month Ago Year Ago
Domestic                         Rs bn 739.3 730.6 586.1
By Maturity      
      Short term                    Rs bn 239.6 230.8 184.3
      Medium & Long term Rs bn 499.7 499.8 401.8
By Institution      
      Non - Bank                  Rs bn 527.9 523.0 439.0
      Bank                             Rs bn 211.4 207.6 147.1
Foreign   Debt.   (a)        US$ bn 6.9 6.9 6.8
                                            Rs bn 627.5 617.5 504.5
Concessional                  US$ bn 6.7 6.7 6.7
                                            Rs bn 608.8 599.3 496.1
  Multilateral                   US$ bn 3.4 3.4 3.1
                                            Rs bn 307.6 303.1 229.3
     of which ; IDA          US$ bn 1.6 1.6 1.6
                                            Rs bn 143.3 141.4 119.2
                       ADB          US$ bn 1.5 1.5 1.4
                                            Rs bn 134.5 132.7 105.0
  Bilateral                         US$ bn 3.3 3.3 3.6
                                            Rs bn 304.3 299.1 266.8
      of which ; Japan       US$ bn 2.1 2.0 2.2
                                            Rs bn 188.0 182.8 164.4
Non Concessional         US$ bn 0.2 0.2 0.1
                                            Rs bn 18.7 18.2 8.4
Total                                  Rs bn 1366.8 1348.1 1090.6
(a) Provisional                                                                                                                       The total outstanding public debt increased by 25.3 per cent compared to the end of May 2000   (a) With effect from April 2001, liabilities to the IMF have been included.

External Finance
EXTERNAL FINANCE

2001*  End June

2000  End Dec.

% Change
External Assets       
Total Reserves (a)                              US$ Mn 2145 2131 0.7
                                                         Rs Mn 194595 170242 14.3
Gross Official Reserves                      US$ Mn 1114 1048 6.3
                                                         Rs Mn 101054 83560 20.9
  2001* Jan.-May

2000  Jan.-May

 % Change
Private Remittances      
Inflows  (b)                                       US$ Mn 479 524 -8.6
                                                         Rs Mn 41610 38277 8.7
Outflows                                      US$ Mn 74 76 -2.6
                                                         Rs Mn 6411 5569 15.1
Net                                                US$ Mn 405 448 -9.6
                                                         Rs Mn 35199 32709 7.6
*Provisional                                                                                                                                                           (a) In the presentation of BOP data, FCBUs have been treated as part of the domestic banking system. The total level of foreign reserves was sufficient to finance 3.8  months of imports (excluding Air craft).                                                                                                                     Reserve data have been revised to include balances in DST's special Yen accounts, in consultation with IMF.                            (b)Includes US$ 45 mn. received in 2000 as compensation for Sri Lanken workers who lost employment in Kuwait due to the Gulf war in 1990

External Trade
EXTERNAL TRADE

2001* Jan -June

 2000  Jan -June % Change
Exports                          Rs.Mn  213202.8 181796.5 17.3
Agricultural                  41921.6 34914.9 20.1
Industrial                       163516.0 140784.1 16.1
Mineral                           4167.5 3281.2 27.0
 Other                           3597.7 2816.3 27.7
Imports**             Rs.Mn  279431.6 256581.9 8.9
Consumer Goods         54509.2 44544.4 22.4
Intermediate Goods     159104.3 142391.4 11.7
Investment Goods**         53924.6 55045.2 -2.0
 Other                           11893.5 14600.9 -18.5
Trade Balance**              Rs. Mn -66228.8 -74785.4 11.4
Exports                          US$ Mn  2432.4 2470.5 -1.5
Agricultural           478.7 474.7 0.8
Industrial                  1864.0 1912.9 -2.6
Mineral                        47.9 44.7 7.2
 Other                            41.8 38.2 9.4
Imports**                 US$ Mn 3191.9 3488.8 -8.5
Consumer Goods        624.0 605.2 3.1
Intermediate Goods    1814.5 1936.1 -6.3
Investment Goods**   617.4 748.9 -17.6
     Other                        136.0 198.6 -31.5
Trade Balance**       US$ Mn  -759.5 -1018.3 25.4
* Provisional        
** Excluding Aircraft
Export earnings recorded a  decrease  of   1.5 per cent in US$ terms,  reflecting  a  decrease  of 2.6 per cent in industrial exports.  Imports recorded a decrease of 8.5  per cent.reflecting decreases in intermediate , investment and other imports.

 

Industrial Exports
INDUSTRIAL EXPORTS 2001* Jan -June 2000  Jan -June % Change
Total Industrial Exports               Rs.Mn. 163516.0 140784.1 16.1
Food Beverages and Tobacco                                            5968.2 4882.9 22.2
Textiles and Apparel                  110835.7 97198.4 14.0
Petroleum Products                 2946.8 3508.5 -16.0
 Leather, Rubber etc                  18773.6 15735.0 19.3
Others     Rs.Mn.  24991.7 19459.3 28.4
Total Industrial Exports              US$ Mn. 1864.0 1912.3 -2.6
Food Beverages and  Tobacco            68.1 66.4 2.6
Textiles and Apparel                   1263.7 1320.8 -4.3
Petroleum Products                33.5 47.8 -29.9
  Leather, Rubber etc                   214.3 213.8 0.2
Others                                            284.4 264.1 7.7
* Provisional                                                                                                                                                                                   Industrial expports decreased by 2.6  per cent in US$ terms  mainly due to decreases in earnings from     Textiles and Apparel and petroliom products.

TRADE INDICES
TRADE INDICES ** (1997 = 100 ) 2001* June Month ago Year ago
Total Exports
     Value 112.8 105.8 118.5
     Quantity 139.0 116.5 121.5
     Unit Value 81.1 90.9 97.6
Total Imports      
     Value 103.9 119.4 119.3
     Quantity 107.8 117.3 129.7
     Unit Value 96.4 101.8 92.0
Terms of Trade 84.2 89.3 106.0
*  Provisional                                                                                                                                                      ** In US$ erms

TOURISM

TOURISM

        2001*          Jan - June

      2000         Jan. -June  % Change
Tourist Arrivals ('000) 227.2 205.6 10.5
Earnings from Tourism   US$ Mn. 143.4 129.2 11.0
                                            Rs.Mn. 12495.4 9464.3 32.0
* Provisional                                                                                                                           Tourist arrivals increased by 10.5  per cent.

INTERNATIONAL COMMODITY PRICES
INTERNATIONAL COMMODITY PRICES 2001*   June 2000       June % Change
Exports (Colombo Auction Price)      
       Tea                   ( Rs./Kg)  131.5 119.7 9.9
Imports (C & F)       
       Rice       ( Rs./MT)  38404.6 20878.6 83.9
       White Sugar   ( Rs./MT)  24228.2 18300.7 32.4
       Crude Oil         ( Rs./Barrel )  2579.8 2130.0 21.1
       Wheat             ( Rs./MT)  12688.1 9057.8 40.1
Exports (Colombo Auction Price)      
        Tea                 ( US$/Kg) 1.45 1.58 -8.2
Imports (C & F)       
        Rice          (US$/MT) 424.65 275.63 54.1
        White Sugar            (US$/MT) 267.89 241.60 10.9
        Crude Oil                 US$/Barrel)  28.53 28.12 1.5
        Wheat                      (US$/MT)  140.29 119.58 17.3
* Provisional                                                                                                            (a)High price of rice imports in june 2001 was due to importation of high quality varieties.

 

REAL GDP
REAL GDP (Percentage change)        2001 *     1 st Quarter        2000      1  st Quarter     2000  *  Annual

1999       Annual
Agriculture, Forestry & Fishing -3.6 2.3 1.8 4.5
Mining and Quarrying 4.9 8.0 4.8 4.1
Manufacturing 2.4 12.4 9.2 4.4
Construction 5.2 8.0 4.8 4.8
Services 2.3 6.6 6.9 4.2

GDP

 1.3 6.6 6.0 4.3
GNP 1.2 6.2 5.8 3.8
* Provisional 5.8
EMPLOYMENT
2000* 4 th Quarter 1999  4 th Quarter 1998  4 th Quarter
Labour Force Participation rate 49.2 50.2 51.4
Unemployment rate 7.4 9.2 8.8
Employed Persons by Sectors %      
                 Agriculture 37.0

35.0

 44.5
                 Manufacturing 16.8 15.6 11.2
                 Trade & Hotel 13.5 13.2 11.2
                  Personal Services 15.0 17.8 16.1
                  Other 17.8 18.5 17.0
* Provisional

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