Weekly Economic Indicators
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Weekly Economic Indicators 11th June 2021 Statistics Department Central Bank of Sri Lanka Highlights of the Week Real Sector During the first four months of 2021, domestic tea production increased in comparison to the corresponding period of the previous year owing to favourable weather conditions and healthy prices. Production of rubber also increased in response to high market prices while coconut production increased considerably due to the lagged effect of favourable weather conditions prevailed during latter part of 2020. During the period under review (05.06.2021 to 11.06.2021), crude oil prices remained considerably volatile. Prices declined mainly due to a sharp growth in US crude inventories, but towards the end of the week, prices increased with the optimism on strong economic demand after US unemployment claims fell to their lowest level since the first wave of COVID-19 in the US last year. Overall, both Brent and WTI prices increased by US dollars 0.67 per barrel during the period. Monetary Sector Weekly AWPR for the week ending 11th June 2021 increased by 1 bp to 5.64 per cent compared to the previous week. The reserve money decreased compared to the previous week mainly due to the decrease in currency in circulation and deposits held by the commercial banks with the Central Bank. The total outstanding market liquidity was a surplus of Rs. 109.996 bn by the end of this week, compared to a surplus of Rs. 104.803 bn by the end of last week. By 11th June 2021, the All Share Price Index (ASPI) increased by 0.57 per cent to 7,610.30 points and the S&P SL 20 Index increased by 0.67 per cent to 3,067.03 points, compared to the index values of last week. External Sector During the year up to 11th June 2021, the Sri Lankan rupee depreciated against the US dollar by 6.7 per cent. Given the cross currency exchange rate movements, the Sri Lankan rupee depreciated against the pound sterling by 10.1 per cent, the Indian rupee by 6.9 per cent, the Euro by 5.7 per cent and the Japanese yen by 1.0 per cent during this period. The gross official reserves were estimated at US dollars 4,018.1 mn as at end May 2021. Real Sector 1.1 Price Indices May Month NCPI(2013=100) Year Ago NCPI - Year-on-Year % 2021 Ago 10 2020 National Consumer Price Index (NCPI) - Headline 140.3 138.8 134.2 2021 Monthly Change % 1.1 (0.1) 0.4 6 Annual Average Change % 3.9 3.9 4.7 Per cent Per Year - on - Year Change % 4.5 3.9 4.0 2 National Consumer Price Index (NCPI) - Core 142.5 141.3 138.1 Annual Average Change % 3.0 3.0 4.4 -2 J F M A M J Jy A S O N D Year - on - Year Change % 3.2 3.0 2.9 Month April Month CCPI(2013=100) Year Ago 2021 Ago CCPI - Year-on-Year % Colombo Consumer Price Index (CCPI) - Headline 138.8 138.9 133.6 8 2020 Monthly Change % (0.1) (0.1) 0.1 2021 Annual Average Change % 3.9 4.0 4.8 6 Year - on - Year Change % 3.9 4.1 5.2 Per cent 4 Colombo Consumer Price Index (CCPI) - Core 141.3 141.1 137.2 3.0 3.0 4.7 Annual Average Change % 2 Year - on - Year Change % 3.0 3.1 3.1 J F M A M J Jy A S O N D Month Source: Department of Census and Statistics 1.2 Prices 1.2.1 Pettah Market Average Wholesale Prices Average Retail Prices Food Item Week Month Year This Week Month This Week Year Ago Ago Ago Ago Week Ago Ago Rs./kg Rs./kg Rice Samba 140.00 140.00 145.00 96.00 145.00 145.00 146.50 98.00 Kekulu (Red) 98.00 98.00 98.00 90.20 105.00 105.00 105.75 93.00 Vegetables Beans 165.00 131.67 121.25 118.00 220.00 163.33 162.50 154.00 Cabbage 115.00 100.00 87.50 80.00 155.00 140.00 120.00 140.00 Carrot 150.00 126.67 108.75 140.00 200.00 153.33 135.00 180.00 Tomato 110.00 106.67 98.13 125.00 155.00 150.00 127.50 156.00 Pumpkin 40.00 33.33 30.83 29.00 60.00 60.00 60.00 58.00 Snake Gourd 120.00 120.00 91.25 116.00 160.00 160.00 120.00 152.00 Brinjal 150.00 106.67 83.75 116.00 200.00 146.67 120.00 160.00 Other Foods Red Onion (Local) 269.17 321.67 248.75 263.00 320.00 350.00 260.00 298.00 Big Onion (Imported) 77.38 80.17 65.67 58.50 100.00 100.00 82.92 74.00 Potato (Local) 140.25 156.67 130.75 172.00 160.00 178.33 145.00 200.00 Dried Chilli (Imported) 470.63 505.00 502.50 396.00 530.00 550.00 547.50 446.00 Dhal 189.50 185.00 185.63 140.00 205.00 190.83 193.38 150.00 Egg - White (Each) 15.50 15.50 12.88 18.30 16.00 16.33 13.88 19.30 Coconut (Each) 80.00 81.25 n.a. 63.50 93.00 87.67 68.38 77.50 Green Chilli 215.00 138.33 95.83 182.00 262.50 176.67 130.00 232.00 Lime 120.00 113.33 95.00 490.00 150.00 146.67 127.50 585.00 Fish (a) Kelawalla 612.50 623.33 642.50 512.00 n.a. n.a. n.a. 812.00 Balaya 355.00 480.00 347.50 346.00 n.a. n.a. n.a. 446.00 Salaya 160.00 206.67 157.50 234.00 n.a. n.a. n.a. 296.00 Hurulla 475.00 566.67 513.33 550.00 n.a. n.a. n.a. 650.00 (a) In Peliyagoda Fisheries Trade Centre, retail trade activities were not carried out since 21st October 2020. n.a. - not available 1 Narahenpita Economic Centre-Retail Prices (b) Beans 2020 2020 400 350.00 Brinjal 2021 2021 350 300.00 300 250.00 250 200.00 Rs./kg 200 Rs./kg 150 150.00 100 100.00 50 50.00 Week Week Rice - Samba Fish - Kelawalla 155.00 2020 1700.00 145.00 2021 1500.00 135.00 1300.00 125.00 1100.00 Rs./kg 115.00 Rs./kg 900.00 105.00 700.00 2020 95.00 500.00 2021 85.00 300.00 Week Week Potato (Local) Coconut 100.00 420 370 80.00 320 60.00 Rs./kg 270 220 2020 Rs/Each 2020 40.00 170 2021 2021 120 20.00 Week Week 1.2.2 Dambulla Market 1.2.3 Narahenpita Economic Centre Average Prices - This Week Average Retail Prices Item (Rs./kg) Item (Rs./kg) Wholesale Retail (a) This Week (b) Week Ago (b) Rice Rice Samba 150.00 n.a. Samba n.a. n.a. Kekulu (Red) 105.00 n.a. Kekulu (Red) n.a. n.a. Vegetables Vegetables Beans 135.00 n.a. Beans n.a. n.a. Cabbage 100.00 n.a. Cabbage n.a. n.a. Carrot 134.00 n.a. Carrot n.a. n.a. Tomato 100.00 n.a. Tomato n.a. n.a. Pumpkin 46.50 n.a. Pumpkin n.a. n.a. Snake Gourd 95.00 n.a. Snake Gourd n.a. n.a. Brinjal 117.50 n.a. Brinjal n.a. n.a. Ash Plantain 30.50 n.a. Ash Plantain n.a. n.a. Other Foods Other Foods Red Onion (Local) 215.00 n.a. Red Onion (Local) n.a. n.a. Big Onion (Imported) 86.50 n.a. Big Onion (Imported) n.a. n.a. Potato (Local) 136.50 n.a. Potato (Local) n.a. n.a. Dried Chilli (Imported) 505.00 n.a. Potato (Imported) n.a. n.a. Coconut (Each) 65.50 n.a. Dried Chilli (Imported) n.a. n.a. 1.2.4 Marandagahamula Market Dhal n.a. n.a. Sugar - White n.a. n.a. Average Wholesale Price of Rice Egg - White (Each) n.a. n.a. Coconut (Each) n.a. n.a. Item This Week Week Ago Month Ago Year Ago Green Chilli n.a. n.a. (Rs./kg) Fish Samba 147.25 146.75 141.75 95.10 Kelawalla n.a. n.a. Kekulu (White) 109.00 107.00 99.88 88.80 Balaya n.a. n.a. Kekulu (Red) 99.50 98.25 96.88 90.80 Salaya n.a. n.a. Nadu 116.00 113.00 112.50 93.00 Hurulla n.a. n.a. (a) Retail prices of Dambulla market were not available in this week. (b) Retail prices of Narahenpita market were not available in this week and last week. n.a. - not available 1 1.3 GDP by Industrial Origin at Constant (2010) Prices - Growth Rates in value added terms 2019 2020 Item % Change Real GDP Annual (a)(b) Annual (a) 3rd Qtr (a)(b) 4th Qtr (a) 6.0 Agriculture 1.0 (2.4) 3.1 1.3 -4.1 Industry 2.6 (6.9) 0.6 1.3 1.4 2 2 1 4 3 1 4 3 1 4 3 -2.0 2 ' Q ' Q ' Q ' Q ' Q ' Q ' Q ' Q ' Q ' Q ' Q Services 2.2 (1.5) 2.1 1.9 ' Q 2.7 15' Q1 15' Q4 16' Q3 17 18' Q3 19 20 20 15 15 16 16' Q2 16 17' Q1 17 17' Q4 18 18' Q2 18 19' Q1 19 19' Q4 20' Q2 20' Q3 Taxes less subsidies on 2.4 (8.0) (2.9) (0.8) -10.0 3.4 products GDP 2.3 (3.6) 1.3 1.3 -18.0 Quarter 2.0 (a) Provisional (b) Revised Source: Department of Census and Statistics 1.4 Agricultural Production 2020 2021 Tea Production Item Unit (a) (b) %Change Jan - Apr Jan - Apr 300 Tea (Mn kg) 74.5 103.4 38.8 .