Sri Lanka's Manufacturing PMI fell to 56 in November of 2019 from 57.6 in the previous month. Output (57.1 vs 60.2 in October) and new orders (57.1 vs 59.7) expanded at slower pace while the stock of purchases advanced (55.6 vs 54.1). Also, the job creation rate decreased (57.7 vs 58.2). Manufacturing Pmi in Sri Lanka averaged 55.53 points from 2015 until 2019, reaching an all time high of 67.30 points in May of 2015 and a record low of 41 points in April of 2019. source: Central Bank of Sri Lanka
Manufacturing Pmi in Sri Lanka is expected to be 55.70 points 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 53.00 in 12 months time. In the long-term, the Sri Lanka Manufacturing PMI is projected to trend around 58.90 points in 2020, according to our econometric models.