UBOS has released the 114th publication of Key Economic Indicators, reflecting the performance of the economy during the fourth quarter of 2018/19 financial year (Apr – Jun 2019). , click here for more details…..
Major highlights include
Q4 2018/19 Gross Domestic Product Performance: Original unadjusted estimates Year on Year Quarterly GDP growth for the Fourth Quarter (Q4) of 2018/19 stood at 5.4 percent compared to the growth of 5.0 percent (revised) registered in Q4 of the previous year.
Year on Year Value added in Agriculture sector is estimated to have increased by 4.5 percent in Q4 of 2018/19 compared to a growth of 1.0 percent in the Q4 of the previous year. This was mainly due to an increase in Food and Cash Crop growing activities that grew at 4.4 percent and 9.2 percent in Q4 2018/19 respectively.
Year on Year Value added in Industry sector grew by 5.3 percent in Q4 of 2018/19 compared to a growth of 6.9 percent in
Q4 of the previous year. This growth was mainly driven by manufacturing activities.The Services sector Year on Year Value added grew by 6.2 percent in Q4 of 2018/19 compared to a growth of 6.4 percent revised) in Q4 of the previous year. This growth was driven by Trade & Repair, Financial & Insurance, Information &
Communication, Public Administration, Education and Health activities.
Four categories of inflation are produced by the Bureau and these are; 1. Headline inflation (all items index), 2. Core inflation,3. Food crops & related items inflation and 4. Energy, Fuel & Utilities (EFU) inflation. Headline inflation includes all items in the basket. Core inflation excludes items that are so volatile to price changes like; food crops, electricity, fuel and utilities. Food crops & related items inflation includes all food items excluding processed foods. Energy, Fuel & Utilities (EFU) inflation
includes electricity, fuel and utilities.