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.

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Sri Lanka Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
56.00 57.60 67.30 41.00 2015 - 2019 points Monthly


News Stream
2019-11-15
Sri Lanka Manufacturing PMI at 7-Month High
The Manufacturing PMI in Sri Lanka rose to 57.6 in October of 2019 from 54.7 in September, pointing to the strongest growth in factory activity in seven months. Production (60.2 from 52.0 in September) and new orders (59.7 from 58.1) rose faster, due to an increase in manufacturing of food and beverages sector to meet the upcoming festive season demand. At the same time, significant improvement in employment (58.2 from 55.6) was experienced with the recruitment of new employees. On the other hand, suppliers’ delivery time lengthened (50.5 from 50.5).

2019-10-15
Sri Lanka Factory Activity Growth at 3-Month Low
Sri Lanka's Manufacturing PMI fell to 54.7 in September 2019 from 56.6 in the previous month. The latest reading pointed to the weakest expansion in factory activity in three months, as output (52 vs 60.5 in August) and new orders (58.1 vs 61.0) dropped, mainly in food & beverages and textiles & wearing apparel sectors. Also, suppliers' delivery time slowed down to a neutral level (50 vs 50.5). Meanwhile, the job creation rate increased (55.6 vs 50.5) and the stock of purchases advanced (56.6 vs 55.0).

2019-09-17
Sri Lanka Manufacturing Output Grows at Faster Pace
Sri Lanka's Manufacturing PMI rose to 56.6 in August 2019 from 55.7 in the previous month, boosted by an increase in production (60.5 vs 57.5) and new orders (61.0 vs 59.0), especially in manufacturing of food & beverages and textiles & wearing apparel sectors to meet the upcoming festive season demand. Meanwhile, the pace of job creation eased (50.5 vs 52.0) and the stock of purchases advanced at a slower rate (55.0 vs 57.0). Suppliers' delivery time lengthened at a slightly higher rate (50.5 vs 50.0), especially from local suppliers.

2019-08-15
Sri Lanka Manufacturing Output Grows at Faster Pace
The Sri Lanka Manufacturing PMI rose to 55.7 in July 2019 from 53.9 in the previous month, boosted by significant increases in new orders (59.0 vs 53.0 in June) and production (57.5 vs 56.5). Meanwhile, the pace of job creation slowed (52.0 vs 55.5).

2019-07-15
Sri Lanka Factory Activity Grows at Faster Pace
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).

2019-06-18
Sri Lanka Manufacturing Returns to Growth
The Sri Lanka Manufacturing PMI rose 9.7 points to 50.7 in May 2019 from the previous month's all-time low of 41.0, mainly attributable to the significant increase in manufacturing of textiles, wearing apparels, leather and related products. Overall gains were seen in new orders (52.0 vs 37.5 in April) and production (55.0 vs 32.5), while employment continued to contract (45.0 vs 43.5) and stocks of purchases also fell (44.5 vs 41.0).


Sri Lanka Manufacturing PMI
The Sri Lanka Manufacturing Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of 150 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders, Output, Employment, Suppliers’ Delivery Times and Stock of Items Purchased, with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

Sri Lanka Business Last Previous Highest Lowest Unit
Industrial Production 0.50 2.50 35.20 -11.40 percent [+]
Capacity Utilization 81.00 81.00 82.00 69.00 percent [+]
Changes in Inventories 313742.80 1217425.70 1217425.70 313742.80 LKR Million [+]
Car Registrations 3499.00 3321.00 15017.00 308.00 [+]
Internet Speed 8527.30 7307.31 8527.30 374.62 KBps [+]
IP Addresses 85420.00 107335.00 246049.00 31627.00 IP [+]
Services Pmi 57.40 56.90 66.80 44.70 points [+]
Business Confidence 63.00 74.00 136.00 61.00 points [+]
Corruption Index 38.00 38.00 40.00 31.00 Points [+]
Corruption Rank 89.00 91.00 97.00 52.00 [+]
Competitiveness Index 57.11 56.00 57.11 3.84 Points [+]
Competitiveness Rank 84.00 85.00 85.00 52.00 [+]
Ease of Doing Business 99.00 100.00 113.00 83.00 [+]
Manufacturing Pmi 56.00 57.60 67.30 41.00 points [+]
Manufacturing Production 0.50 2.50 7.80 -3.00 percent [+]