Central Bank of Sri Lanka Bulletin Volume 67 Number 01 January 2017 The Central Bank of Sri Lanka Bulletin is issued monthly by the Department of Economic Research. The material appearing in the Bulletin may be reproduced or translated in whole or in part without prior permission (unless it is indicated as copy-righted), provided due credit is given to the Central Bank of Sri Lanka and the Bulletin. ISSN 1391-3654 Published by the Central Bank of Sri Lanka, Colombo 1. Central Bank of Sri Lanka w Bulletin w January 2017 w 3 Contents Statistical Tables Table PRODUCTION, RAINFALL, INPUTS AND INVESTMENT Gross Value Added and Gross Domestic Product by Economic Activity … …… …… 01 Agricultural Production Indices …… …… …… …… …… 02 Production of Tea, Rubber and Coconut …… …… …… …… 03 Paddy Production …… …… …… …… …… 04 Rainfall and Rainy Days …… …… …… …… …… 05 Selected Industrial Production Indicators …… …… …… …… 06 Factory Industry Production Index of Major Industry Divisions …… …… …… 07 Investments, Exports and Employment in BOI Enterprises …… …… …… 08 COMMUNICATION, ENERGY, TRANSPORTATION AND HOUSING Telecommunication Services …… …… …… …… …… 09 Electricity Generation and Petroleum Imports …… …… …… …… 10 Passenger Transportation and Port Operations …… …… …… …… 11 New Registration of Motor Vehicles …… …… …… …… 12 Greater Colombo Housing Approval Index …… …… …… …… 13 PRICES AND WAGES National Consumer Price Index (NCPI) (Base 2013 = 100) …… …… …… 14 Colombo Consumer Price Index (CCPI) (Base 2013 = 100) …… …… …… 15 Colombo Consumer Price Index (CCPI) (Base 2006/07 = 100) …… …… …… 16 Wholesale Price Index …… …… …… …… …… 17 Wholesale Prices of Selected Food Items at Pettah Market …… …… …… 18 Average Producer and Retail Prices of Selected Food Items …… …… …… 19 Average Producer Prices of Selected Varieties of Vegetables, Sea Fish, Fruits and Poultry Products …… 20 Average Retail Prices of Selected Varieties of Vegetables and Fish …… …… …… 21 Utility Prices …… …… …… …… …… 22 Minimum Wage Rate Indices of Workers in Wages Board Trades …… …… …… 23 Wage Rate Indices of Government Employees …… …… …… …… 24 All Island Average Daily Wages in the Informal Sector …… …… …… 25 Cost of Construction Indices …… …… …… …… …… 26 Price Indices for Selected Construction Materials and Labour Wages … …… …… 27 GOVERNMENT FINANCE Analysis of Net Cash Surplus / Deficit …… …… …… …… 28 Economic Classification of Government Revenue …… …… …… …… 29 Government Expenditure – 2016 … …… …… …… …… 30 Economic Classification of Government Expenditure …… …… …… 31 Outstanding Central Government Debt …… …… …… …… 32 TRADE, TOURISM AND BALANCE OF PAYMENTS Exports, Imports and Trade Balance …… …… …… …… 33 Exports …… …… …… …… …… 34 Composition of Industrial and Mineral Exports …… …… …… …… 35 Tea and Rubber – Auctions and Exports …… …… …… …… 36 Major Coconut Products – Auctions and Exports …… …… …… …… 37 Exports of Other Agricultural Products – Volume …… …… …… …… 38 Exports of Other Agricultural Products – Value …… …… …… …… 39 Composition of Imports …… …… …… …… …… 40 External Trade Indices – Export Value …… …… …… …… 41 External Trade Indices – Import Value …… …… …… …… 42 External Trade Indices – Export Volume …… …… …… …… 43 External Trade Indices – Import Volume …… …… …… …… 44 4 w Central Bank of Sri Lanka w Bulletin w January 2017 Table External Trade Indices – Export Unit Value …… …… …… …… 45 External Trade Indices – Import Unit Value …… …… …… …… 46 Key Indicators of Tourist Industry … …… …… …… …… 47 Balance of Payments – Standard Presentation under BPM6 Format …… …… …… 48 International Investment Position – Standard Presentation under BPM6 Format …… …… 49 International Reserves of Sri Lanka …… …… …… …… 50 Exchange Rates of Major Currencies and Monthly Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) …… …… …… …… 51 Interbank Forward Market Transactions …… …… …… …… 52 FINANCIAL SECTOR Monetary Aggregates – M1 and M2 …… …… …… …… 53 Monetary Survey – M2 …… …… …… …… …… 54 Assets and Liabilities of the Central Bank …… …… …… …… 55 Assets and Liabilities of Domestic Banking Units (DBUs) of Commercial Banks …… …… 56 Assets and Liabilities of Offshore Banking Units (OBUs) of Commercial Banks …… …… 57 Consolidated Monetary Survey – M2b …… …… …… …… 58 Financial Survey – M4 …… …… …… …… …… 59 Reserve Position of Commercial Banks …… …… …… …… 60 Currency Issue of the Central Bank (by Denomination) …… …… …… 61 Money Rates : The Central Bank and Commercial Banks …… …… …… 62 Yield Rates on Government Securities …… …… …… …… 63 Deposit and Lending Rates of Non-Commercial Bank Financial Institutions …… …… 64 Interest Rates of Licensed Commercial Banks …… …… …… …… 65 Commercial Banks’ Fees and Commissions …… …… …… …… 66 Cheque Clearing and SLIPS …… …… …… …… …… 67 Commercial Banks’ Debits and Deposits Turnover …… …… …… 68 Ownership of Demand, Time and Savings Deposits of the Private Sector with Commercial Banks …… 69 Commercial Banks’ Loans and Advances to the Private Sector …… …… …… 70 Savings and Fixed Deposits of Deposit Taking Institutions …… …… …… 71 Share Market Performance …… …… …… …… …… 72 Central Bank of Sri Lanka w Bulletin w January 2017 w 5 Part II STATISTICAL TABLES January 2017 Definitions and Explanatory Notes on Statistical Tables The following general notes supplement the footnotes given below the individual tables:– 1. The data cover monthly figures available at the time the Bulletin goes to print, and the latest available information does not relate to the same month, in every table. To enable comparision, annual figures for recent years are given. 2. In an attempt to bring the material up-to-date provisional figures are included in some tables. 3. Figures in some tables have been rounded off to the nearest final digit. Hence there may be a slight discrepancy between the total as shown and the sum of its components. 4. Differences as compared with previously published figures are due to subsequent revisions. 5. The following symbols have been used throughout:– n.a. = not available – = nil … = negligible 6 w Central Bank of Sri Lanka w Bulletin w January 2017 PRODUCTION, RAINFALL, INPUTS AND INVESTMENT TABLE 1 (a)(b) Gross Value Added and Gross Domestic Product by Economic Activity Rs. million At Current Market Prices At Constant (2010) Prices Economic Activity 2015 (c) 2016 2015 (c) 2016 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 (c) Qtr 2 (c) Qtr 3 (c) Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 (c) Qtr 2 (c) Qtr 3 (c) Qtr 4 Agriculture, Forestry and Fishing 210,288 217,571 214,137 252,783 210,319 222,962 230,045 227,332 161,975 168,255 162,158 177,718 161,662 158,606 158,851 162,824 Growing of cereals (except rice) 5,039 5,055 4,464 5,825 5,643 5,217 4,080 4,921 3,887 3,601 3,173 4,322 4,104 3,251 2,554 3,500 Growing of rice 16,221 25,319 22,918 52,678 13,172 18,245 17,140 24,927 10,534 16,213 15,954 33,555 10,646 12,669 12,040 17,294 Growing of vegetables 25,199 20,086 21,121 24,119 21,959 26,304 24,888 16,100 13,817 14,318 15,023 13,556 13,851 14,688 15,271 11,712 Growing of sugar cane, tobacco and other non-perennial crops 626 777 738 632 723 909 867 672 493 497 502 453 534 648 614 409 Growing of fruits 14,965 14,649 12,527 13,111 16,259 16,024 16,749 14,524 14,675 12,718 10,000 10,640 14,260 11,653 9,710 10,635 Growing of oleaginous fruits (coconut, king coconut, oil palm) 24,052 26,231 22,821 22,470 20,521 17,757 15,944 16,638 16,760 18,322 16,389 16,033 18,884 16,789 15,549 15,852 Growing of tea (green leaves) 19,007 21,659 17,610 17,469 17,169 21,901 18,329 24,923 17,405 20,496 17,498 16,579 15,411 18,302 14,108 16,073 Growing of other beverage crops (coffee, cocoa etc.) 310 345 365 346 323 499 549 725 315 315 315 315 338 338 338 338 Growing of spices, aromatic, drug and pharmaceutical crops 18,067 17,894 20,658 23,858 20,573 20,843 23,951 24,013 15,540 15,009 15,405 15,529 17,081 16,222 16,057 16,058 Growing of rubber 4,197 3,302 3,296 3,423 4,128 2,711 1,944 1,860 8,431 6,241 5,653 5,452 8,214 5,732 4,653 4,424 Growing of other perennial crops 5,606 5,997 6,759 6,146 5,749 6,223 6,475 6,965 4,029 4,587 4,203 4,020 4,042 4,236 4,114 4,080 Animal production 13,825 15,757 18,416 17,460 18,983 20,133 25,121 24,599 12,061 12,758 13,993 12,998 12,625 12,858 14,811 14,767 Plant propagation and agricultural supporting activities 3,458 3,482 3,472 3,397 3,531 3,543 3,655 3,685 2,645 2,638 2,536 2,601 2,399 2,549 2,625 2,362 Forestry and logging 18,386 17,766 20,133 19,260 19,150 21,285 23,832 19,736 11,674 12,135 13,110 11,440 10,682 12,917 15,282 12,139 Marine fishing and marine aquaculture 38,349 35,797 33,322 39,240 40,227 38,900 41,564 38,373 27,196 25,779 24,217 27,053 26,625 23,678 26,063 28,549 Fresh water fishing and fresh water aquaculture 2,981 3,455 5,517 3,351 2,210 2,468 4,956 4,672 2,511 2,629 4,188 3,173 1,967 2,074 5,061 4,632 Industries 799,501 686,759 750,916 753,930 867,748 715,784 808,039 816,905 600,161 520,807 570,862 572,843 655,053 531,144 604,272 625,808 Mining and quarrying 67,329 54,074 60,125 67,528 72,024 69,446 82,788 90,808 52,026 42,290 47,293 49,503 51,584 47,392 57,233 62,337 Manufacture of food, beverages & tobacco products 239,319 191,844 236,530 184,176 249,550 188,678 233,797 186,929 149,213 119,694 151,530 112,499 152,460 111,016 144,605 111,734 Manufacture of textiles, wearing apparel and leather related products 135,944 78,458 125,881 56,441 132,038 75,913 120,994 54,467 97,805 54,695 88,859 40,712 97,119 53,707 89,337 41,318 Manufacture of wood and of products of wood and cork, except furniture 6,945 3,268 5,925 11,809