The Sri Lanka Manufacturing PMI rose 3.2 points to 53.9 in June 2019 from the previous month's 50.7, mainly attributable to the significant recovery in employment (55.5 vs 45.0), especially in manufacturing of food & beverages and textiles & wearing apparels sectors. Overall gains were also seen in new orders (53.0 vs 52.0), production (56.5 vs 55.0), and stocks of purchases (51.5 vs 44.5). Manufacturing Pmi in Sri Lanka averaged 55.48 from 2015 until 2019, reaching an all time high of 67.30 in May of 2015 and a record low of 41 in April of 2019.
Manufacturing Pmi in Sri Lanka is expected to be 53.80 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Pmi in Sri Lanka to stand at 54.00 in 12 months time. In the long-term, the Sri Lanka Manufacturing PMI is projected to trend around 58.90 in 2020, according to our econometric models.