The Sri Lanka Services PMI increased to 57.4 in November of 2019 from 56.9 in the previous month. That was the highest reading since July last year, as expectations for activity improved (78.1 vs 68.2 in October, the highest since June 2015, while employment contracted at a softer pace (49.4 vs 44.0). On the other hand, new business expanded less (52.2 vs 61.5) while business activity (59) expanded the same as in the prior month. Services Pmi in Sri Lanka averaged 57.24 points from 2015 until 2019, reaching an all time high of 66.80 points in May of 2015 and a record low of 44.70 points in May of 2019. source: Central Bank of Sri Lanka
Services Pmi in Sri Lanka is expected to be 54.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services Pmi in Sri Lanka to stand at 53.00 in 12 months time. In the long-term, the Sri Lanka Services PMI is projected to trend around 56.90 points in 2020, according to our econometric models.