DECEMBER Central Bank of Sri Lanka Bulletin Volume 67 Number 12 December 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 December 2017 w 877 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 Wholesale Price Index …… …… …… …… …… 16 Wholesale Prices of Selected Food Items at Pettah Market …… …… …… 17 Average Producer and Retail Prices of Selected Food Items …… …… …… 18 Average Producer Prices of Selected Varieties of Vegetables, Sea Fish, Fruits and Poultry Products …… 19 Average Retail Prices of Selected Varieties of Vegetables and Fish …… …… …… 20 Utility Prices …… …… …… …… …… 21 Minimum Wage Rate Indices of Workers in Wages Board Trades …… …… …… 22 Wage Rate Indices of Government Employees …… …… …… …… 23 All Island Average Daily Wages in the Informal Sector …… …… …… 24 Cost of Construction Indices …… …… …… …… …… 25 Price Indices for Selected Construction Materials and Labour Wages … …… …… 26 GOVERNMENT FINANCE Analysis of Net Cash Surplus / Deficit …… …… …… …… 27 Economic Classification of Government Revenue …… …… …… …… 28 Government Expenditure – 2017 … …… …… …… …… 29 Economic Classification of Government Expenditure …… …… …… 30 Outstanding Central Government Debt …… …… …… …… 31 TRADE, TOURISM AND BALANCE OF PAYMENTS Exports, Imports and Trade Balance …… …… …… …… 32 Exports …… …… …… …… …… 33 Composition of Industrial and Mineral Exports …… …… …… …… 34 Tea and Rubber – Auctions and Exports …… …… …… …… 35 Major Coconut Products – Auctions and Exports …… …… …… …… 36 Exports of Other Agricultural Products – Volume …… …… …… …… 37 Exports of Other Agricultural Products – Value …… …… …… …… 38 Composition of Imports …… …… …… …… …… 39 External Trade Indices – Export Value …… …… …… …… 40 External Trade Indices – Import Value …… …… …… …… 41 External Trade Indices – Export Volume …… …… …… …… 42 External Trade Indices – Import Volume …… …… …… …… 43 External Trade Indices – Export Unit Value …… …… …… …… 44 878 w Central Bank of Sri Lanka w Bulletin w December 2017 Table External Trade Indices – Import Unit Value …… …… …… …… 45 Key Indicators of Tourist Industry … …… …… …… …… 46 Balance of Payments – Standard Presentation under BPM6 Format …… …… …… 47 International Investment Position – Standard Presentation under BPM6 Format …… …… 48 International Reserves of Sri Lanka …… …… …… …… 49 Exchange Rates of Major Currencies and Monthly Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) …… …… …… …… 50 Interbank Forward Market Transactions …… …… …… …… 51 FINANCIAL SECTOR Monetary Aggregates – M1 and M2 …… …… …… …… 52 Monetary Survey – M2 …… …… …… …… …… 53 Assets and Liabilities of the Central Bank …… …… …… …… 54 Assets and Liabilities of Domestic Banking Units (DBUs) of Commercial Banks …… …… 55 Assets and Liabilities of Offshore Banking Units (OBUs) of Commercial Banks …… …… 56 Consolidated Monetary Survey – M2b …… …… …… …… 57 Financial Survey – M4 …… …… …… …… …… 58 Reserve Position of Commercial Banks …… …… …… …… 59 Currency Issue of the Central Bank (by Denomination) …… …… …… 60 Money Rates : The Central Bank and Commercial Banks …… …… …… 61 Yield Rates on Government Securities …… …… …… …… 62 Deposit and Lending Rates of Non-Commercial Bank Financial Institutions …… …… 63 Interest Rates of Licensed Commercial Banks …… …… …… …… 64 Commercial Banks’ Fees and Commissions …… …… …… …… 65 Cheque Clearing and SLIPS …… …… …… …… …… 66 Commercial Banks’ Debits and Deposits Turnover …… …… …… 67 Ownership of Demand, Time and Savings Deposits of the Private Sector with Commercial Banks …… 68 Commercial Banks’ Loans and Advances to the Private Sector …… …… …… 69 Savings and Fixed Deposits of Deposit Taking Institutions …… …… …… 70 Share Market Performance …… …… …… …… …… 71 Central Bank of Sri Lanka w Bulletin w December 2017 w 879 STATISTICAL TABLES December 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 800 w Central Bank of Sri Lanka w Bulletin w December 2017 PRODUCTION, RAINFALL, INPUTS AND INVESTMENT TABLE 1 (a)(b)(c) Gross Value Added and Gross Domestic Product by Economic Activity Rs. million At Current Market Prices At Constant (2010) Prices Economic Activity 2015 (d) 2016 (d) 2017 (d) 2015 (d) 2016 (d) 2017 (d) Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Agriculture, Forestry and Fishing 253,891 209,710 224,672 218,266 237,954 219,695 259,521 251,153 177,601 154,640 158,749 164,358 166,515 147,783 153,751 159,476 Growing of cereals (except rice) 5,825 5,181 4,618 3,438 3,266 4,155 3,482 2,944 4,322 4,083 3,234 2,460 3,373 3,253 2,608 2,267 Growing of rice 53,620 13,474 18,175 16,302 24,858 8,477 15,472 17,029 33,565 10,652 12,679 12,033 17,024 5,372 7,549 8,081 Growing of vegetables 24,125 17,355 28,175 15,615 24,697 13,778 25,115 19,634 13,560 9,878 14,679 18,954 15,194 8,323 11,626 13,663 Growing of sugar cane, tobacco and other non-perennial crops 641 727 911 869 687 749 953 851 422 521 673 559 415 436 588 487 Growing of fruits 13,113 16,729 15,810 15,691 16,329 20,657 21,410 22,251 10,641 12,966 12,182 10,635 10,729 12,867 12,839 12,328 Growing of oleaginous fruits (coconut, king coconut, oil palm) 22,474 21,874 19,025 16,279 18,627 23,664 25,531 25,227 16,036 16,842 16,843 16,905 16,380 15,043 13,360 13,637 Growing of tea (green leaves) 17,502 17,213 21,827 18,239 24,854 24,815 34,318 28,560 16,598 15,429 18,329 14,125 16,086 14,588 19,580 16,609 Growing of other beverage crops (coffee, cocoa etc.) 346 346 550 603 597 501 538 514 315 338 338 338 338 317 317 317 Growing of spices, aromatic, drug and pharmaceutical crops 23,885 21,024 19,870 22,810 22,755 22,001 22,723 21,342 15,347 15,235 15,485 15,689 15,788 15,663 15,612 15,614 Growing of rubber 3,425 4,140 2,726 1,963 1,888 4,480 4,134 4,527 5,453 8,215 5,734 4,655 4,425 6,799 6,318 5,710 Growing of other perennial crops 6,146 6,268 6,197 6,468 6,741 6,040 6,029 6,476 4,020 4,235 4,175 4,050 4,024 4,289 4,365 4,246 Animal production 17,478 20,153 20,504 25,892 25,950 21,213 24,700 27,639 13,010 12,751 12,918 15,010 14,950 13,277 14,013 15,658 Plant propagation and agricultural supporting activities 3,397 3,631 3,630 3,729 3,900 3,745 3,685 3,657 2,601 2,429 2,609 2,692 2,479 2,595 2,588 2,634 Forestry and logging 19,261 19,105 21,237 23,785 19,689 22,098 25,752 27,168 11,441 12,429 13,054 15,088 12,098 14,576 15,804 18,363 Marine fishing and marine aquaculture 39,304 40,277 38,951 41,629 38,444 40,746 43,111 37,584 27,097 26,668 23,742 26,103 28,581 27,993 24,324 24,558 Fresh water fishing and fresh water aquaculture 3,351 2,210 2,468 4,956 4,673 2,574 2,568 5,748 3,173 1,967 2,074 5,062 4,632 2,390 2,260 5,305 Industries 763,305 887,211 721,796 811,866 828,114 992,862 812,774 912,489 580,852 666,641 523,134 595,941 613,569 690,910 552,224 618,912 Mining and quarrying 67,541 72,036 69,458 82,803 90,825 84,947 81,910 78,129 49,512 51,594 47,406 57,243 62,344 58,806 56,236 52,485 Manufacture of food, beverages & tobacco products 184,062 256,556 189,459 229,246 191,659 288,840 210,121 265,233 114,270 157,214 112,318 144,204 114,058 158,328 111,266 142,981 Manufacture of textiles, wearing apparel and leather related products 57,567 142,112 78,149 127,245 55,035 164,386 92,579 153,994 41,635 102,426 53,239 91,465 40,629 105,245 56,382 100,810 Manufacture of wood and of products of wood and cork, except furniture 12,465 8,667 3,250 5,379 10,474 7,540 2,699 5,252 11,795 9,914 3,720 6,166