Real Sector
During the first three months of 2022, tea and rubber production decreased in comparison to the corresponding period of the previous year due to the unavailability of required fertilisers. However, coconut production increased considerably due to the lagged effect of favourable weather conditions that have prevailed since the latter part of 2020 and throughout 2021
During the period under review (07.05.2022 to 13.05.2022), crude oil prices showed a mixed performance. At the beginning of the period, crude oil prices fell as Saudi Aramco reduced its oil export prices for the first time in four months. COVID-19 lockdowns in China and the growing risks of a global recession also supported the price declines. However, prices later increased owing to the decline in COVID-19 cases in China hinting recovery in demand and supply concerns over heightened geopolitical tensions in Europe. Overall, during the period under review, Brent and WTI prices decreased by US dollars 2.52 per barrel and US dollars 1.31 per barrel, respectively.
Full Report : Download from Here
Monetary Sector
- Weekly AWPR for the week ending 13 May 2022 decreased by 19 bps to 19.36 percent compared to the previous week.
- Broad money (M2b) expanded by 17.7 percent, on a year-on-year basis, in March 2022.*
- Net Credit to the Government from the banking system increased by Rs. 449.4 bn in March 2022.*
- Outstanding credit to public corporations increased by Rs. 310.3 bn in March 2022.*
- Outstanding credit extended to the private sector increased by Rs. 478.0 bn in March 2022.*
* The sharp depreciation of the Sri Lankan rupee in March 2022 remains the key reason for the augmentation of monetary and credit aggregates terms in
March 2022
- The reserve money decreased compared to the previous week mainly due to decrease in deposits held by the commercial banks with the Central Bank and decrease in currency in circulation.
- The total outstanding market liquidity was a deficit of Rs. 711.557 bn by the end of this week, compared to a deficit of Rs.708.767 bn by the end of last week.
- By 13th May 2022, the All Share Price Index (ASPI) increased by 9.03 per cent to 8,098.41 points and the S&P SL 20 Index increased by 10.87 per cent to 2,662.31 points, compared to the index values of last week.
Full Report : Download from Here
Full Report : Download from Here
External Sector
During the year up to 13 May 2022, the Sri Lankan rupee depreciated against the US dollar by 44.3 per cent. Given the cross currency exchange rate movements, the Sri Lankan rupee depreciated against the Indian rupee by 42.1 per cent, the Euro by 39.3 per cent, the pound sterling by 38.5 per cent and the Japanese yen by 37.6 per cent during this period
Full Report : Download from Here
