The CBI issued its report on Saturday, also registering a 4.9% growth in Gross Fixed Capital Formation, known as GFCF, during the said period.
According to the report, the country’s gross domestic product (GDP) in the nine months to Dec. 21 grew 4.5% and 3.5% with and without taking oil into account, respectively, compared to the same period last year.
The economic growth during the said period (9 months to late Dec.) follows a 4% growth last year, with both figures indicative of a continuation in improving economic activities in the country.
Also according to the CBI report, four groups of economic activities saw a rise in their value added in the nine months to Dec. 21, contributing to the economic growth in that period by a total of 4.5%. Those groups are services, oil and gas, industries and mines, and agriculture, forestry and fishing.
Based on the CBI figures, the GFCF growth in the same period hit 4.9%, mainly because of a growth in machinery and construction sectors, with each making a 7.2% and 3.3% growth, respectively.
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