Industrial sector grows
Nov 04, 2004
THE manufacturing sector has posted positive growth in the third quarter of the year
By Sylvia Juuko
THE manufacturing sector has posted positive growth in the third quarter of the year, though a strong shilling and increase in power rationing threatens to wipe out all the gains, a Uganda Manufacturers Association performance indicators report has shown.
The report for July to September said all items index of major manufacturing rose by 5.5%.
“Averages for July/August 2004 indicate that sectoral performance was varied with strong performance in sugar, cement, laundry soap and metal products where output increased by 19.7%, 10.5%, 22% and 15.6% respectively relative to the second quarter of the year,†said the report.
The report says textiles’ output increased by 5.8%, while edible oils’ output rose by 1.4%.
However, beer, soft drinks and cigarettes performed poorly.
THE manufacturing sector has posted positive growth in the third quarter of the year, though a strong shilling and increase in power rationing threatens to wipe out all the gains, a Uganda Manufacturers Association performance indicators report has shown.
The report for July to September said all items index of major manufacturing rose by 5.5%.
“Averages for July/August 2004 indicate that sectoral performance was varied with strong performance in sugar, cement, laundry soap and metal products where output increased by 19.7%, 10.5%, 22% and 15.6% respectively relative to the second quarter of the year,†said the report.
The report says textiles’ output increased by 5.8%, while edible oils’ output rose by 1.4%.
However, beer, soft drinks and cigarettes performed poorly.