The value of
selected manufactured commodities grew by 6.7 per cent to 2.34tri/-,
compared to
According to the
Bank of Tanzania (BoT) Consolidated Zonal Economic Performance Report
for the quarter ending March, the increase was registered in the south
eastern and central zones, partly associated with availability of
adequate raw materials and expansion of market outreach.
The south eastern
recorded 75.1 per cent increase in the value of manufacturing sector to
463.2bn/-, compared to 264.5bn/- posted in the corresponding period.
The value of
manufacturing sector rose to 83.6bn/- in the reference period compared
to 75.6bn/- in the corresponding quarter, which is equivalent to 10.7
per cent.
Although the value
of manufactured goods recorded in the Dar es Salaam zone declined during
the period under review, the zone accounted for the largest share while
the central zone recorded the least.
During the period
under review, the Dar es Salaam zone registered 52.2 per cent value of
manufactured goods, 1.222tri/- compared to 1.227bn/-, while the central
zone had the least share of 3.6 per cent.
Other factors that
contributed to the sector positive performance were the stability of
power supply as well as improved infrastructure coupled with increased
market demand.
It is undeniable
fact that manufacturing sector plays a key role in the growth of any
economy, and it is from this sector where a developing country can
catch-up with the rest of the world.
Industries
producing goods for mass consumption -- such as clothes, textiles and
food -- are incentivised, while the government also maintains a keen
focus on the development of power megaprojects as a key enabler of
industrialisation.
Furthermore, the
ongoing investment and improvement of infrastructures as well as the
stability in power supply reduced production costs.
Manufacturing
commodities with notable increase include building materials like
cement, metal products and paints, food and beverages and wheat.
The contribution of
manufacturing activity to Gross Domestic Product (GDP) increased to 8.1
per cent in 2018 from 7.7 per cent in 2017.
No comments :
Post a Comment