Sri Lanka, Feb. 12 -- Sri Lanka's industrial production is seen to be gradually recovering from the prolonged weakness induced by the economic crisis and the stringent policies implemented to stabilise the economy. Recently, it has shown signs of gaining strength.
According to the Index of Industrial Production measured by the Department of Census and Statistics, the index had a reading of 87.2 index points for December 2023, up 8.8 percent from a year ago period.
December marked the third month in a row the industrial activity in the country continued its expansion from their depths in 2022.
It appears that the seamless supply chain conditions after re-establishing the foreign currency availability, cooling inflation and the softening i...