Tuesday, 14 August 2007

Export earnings and Worker remittances grow, imports decline, inflation up in Sri Lanka

Tuesday, August 14, 2007, 14:39 GMT, ColomboPage News Desk, Sri Lanka.
Aug 14, Colombo: Sri Lanka Central Bank Economic Research Department issuing August Monetary Policy Review stated that export earnings grew by 12.9 per cent during the first half of 2007 underpinned by the highest monthly value in 2007, US dollars 675 million in June.

Meanwhile, imports declined by 11.5 per cent in June due to the decline in imports of petroleum, fertilizer, textile material, and other consumer goods resulting a relatively lower import growth of 3.9 per cent for the first half of the year.

The negative growth in imports against a background of rising exports caused to improve the trade balance further by end June 2007.
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