Industrial production slows by 0.7% in April
Statistics office cites too many holidays as the culprit
The Index of Industrial Production (IIP), which measures the volume of industrial production, has decreased slightly by 0.7 percent in April compared to the corresponding month of the previous year, the Census and Statistics Department (DCS) Director General A.J. Satharasinghe said.
He attributed the change to the reduced number of working days in April 2018 compared to the same month in 2017, as both Vesak and the Sinhala Tamil New Year were celebrated in April.