Industrial output declines in July
Sunday, 18 November 2007
Jasim Uddin Haroon
Production of eight of the 20 major industries under both public and private sectors declined sharply in July compared with that in June this year.
This was revealed in a report prepared by the Bangladesh Bureau of Statistics (BBS), released last week.
On the other hand, only four major industries grew sharply while eight others recorded a rise below 1.0 per cent during the period over June this year, the report said.
The production of Hessian fell by 18.88 per cent in July this year over June. The output in July of the same was 4125 tonnes while it was 5085 tonnes in June.
The production of garments dropped by 27.64 per cent in July over June despite the fact that it rose by 28.67 per cent in June over May this year.
Garment manufactures told the FE that the production in apparel factories fell sharply mainly because of the huge stock of the global retailers.
The production of garment was worth Tk 23695 million while it was Tk 32745 million in June.
Paper production declined by 10.84 per cent in July. It was 1571 tonnes in July compared with 1762 tonnes in June.
The cement production fell by 2.31 per cent in July over June.
Cement manufacturers told the FE that slump in the construction sector and price rise of clinker in the international market were responsible behind such drop in production.
Apart from this, fertiliser output fell by 2.74 per cent in July. It was 167308 tonnes in July compared with 172025 tonnes in June.
The yield of petroleum products declined by 18.33 per cent in July over June mainly due to the price rise in the international markets.
It was 110603 tonnes in July against 135430 tonnes in June.
Production of cigarettes fell by 0.10 per cent. It was 2038 million pieces in July against 2040 million pieces in June.
Jute and other related products' yield fell by 12.24 per cent, the BBS study said.
The industries that grew below 1.0 per cent during the period were yarn by 0.61 per cent, cloth by 0.4 per cent, mild steel rod by 0.14 per cent and cigarette by 0.10 per cent.
Besides, the safety matches grew by 0.46 per cent, drugs and pharmaceuticals by 0.90 per cent, salt by 0.27 per cent, edible oil by 0.64 per cent and soap as well as detergent by 0.20 per cent, the report said.
Production of eight of the 20 major industries under both public and private sectors declined sharply in July compared with that in June this year.
This was revealed in a report prepared by the Bangladesh Bureau of Statistics (BBS), released last week.
On the other hand, only four major industries grew sharply while eight others recorded a rise below 1.0 per cent during the period over June this year, the report said.
The production of Hessian fell by 18.88 per cent in July this year over June. The output in July of the same was 4125 tonnes while it was 5085 tonnes in June.
The production of garments dropped by 27.64 per cent in July over June despite the fact that it rose by 28.67 per cent in June over May this year.
Garment manufactures told the FE that the production in apparel factories fell sharply mainly because of the huge stock of the global retailers.
The production of garment was worth Tk 23695 million while it was Tk 32745 million in June.
Paper production declined by 10.84 per cent in July. It was 1571 tonnes in July compared with 1762 tonnes in June.
The cement production fell by 2.31 per cent in July over June.
Cement manufacturers told the FE that slump in the construction sector and price rise of clinker in the international market were responsible behind such drop in production.
Apart from this, fertiliser output fell by 2.74 per cent in July. It was 167308 tonnes in July compared with 172025 tonnes in June.
The yield of petroleum products declined by 18.33 per cent in July over June mainly due to the price rise in the international markets.
It was 110603 tonnes in July against 135430 tonnes in June.
Production of cigarettes fell by 0.10 per cent. It was 2038 million pieces in July against 2040 million pieces in June.
Jute and other related products' yield fell by 12.24 per cent, the BBS study said.
The industries that grew below 1.0 per cent during the period were yarn by 0.61 per cent, cloth by 0.4 per cent, mild steel rod by 0.14 per cent and cigarette by 0.10 per cent.
Besides, the safety matches grew by 0.46 per cent, drugs and pharmaceuticals by 0.90 per cent, salt by 0.27 per cent, edible oil by 0.64 per cent and soap as well as detergent by 0.20 per cent, the report said.