The services sector PMI in Sri Lanka increased to 55.8 in January of 2019 from 54.7 in December, pointing to the strongest growth in the services sector in five months. New business rose faster (57.7 from 55.4) and employment rebounded (57.4 from 44.1) due to recruitment to fill vacant positions, which were delayed in December. Respondents in education and postal and courier activities sub sectors cited that their new businesses expanded due to the intake of new batches and increase in gift deliveries for the new year. On the other hand, business activity slowed (56.7 from 64.5) and backlogs of work fell faster (42.9 from 47.2). Expectations for activity increased (64.4 from 62.4). Services Pmi in Sri Lanka averaged 58.20 from 2015 until 2019, reaching an all time high of 66.80 in May of 2015 and a record low of 52.60 in November of 2018.

Services Pmi in Sri Lanka is expected to be 56.80 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 57.10 in 12 months time. In the long-term, the Sri Lanka Services PMI is projected to trend around 56.90 in 2020, according to our econometric models.

Sri Lanka Services PMI
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Sri Lanka Business Last Previous Highest Lowest Unit
Industrial Production 0.40 1.10 35.20 -11.40 percent [+]
Capacity Utilization 81.00 78.00 82.00 69.00 percent [+]
Changes in Inventories 1217425.70 373245.00 1217425.70 373245.00 LKR Million [+]
Car Registrations 7935.00 6210.00 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 55.80 54.70 66.80 52.60 [+]
Business Confidence 66.00 78.00 136.00 66.00 Index Points [+]
Corruption Index 38.00 38.00 40.00 31.00 Points [+]
Corruption Rank 89.00 91.00 97.00 52.00 [+]
Competitiveness Index 56.00 56.38 56.38 3.84 Points [+]
Competitiveness Rank 85.00 81.00 85.00 52.00 [+]
Ease of Doing Business 100.00 111.00 113.00 83.00 [+]
Manufacturing Pmi 54.40 53.70 67.30 41.60 [+]
Manufacturing Production 0.40 1.10 7.80 -3.00 percent [+]


Sri Lanka Services PMI

The Services Sri Lanka PMI (Purchasing Managers' Index) is based on data collected from a representative panel of 140 companies based in the Sri Lanka's service sector. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This page provides - Sri Lanka Services Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Services PMI - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
55.80 54.70 66.80 52.60 2015 - 2019 Monthly




Country Last Previous
Australia 44.30 Jan/19
Brazil 52.00 Jan/19
China 53.60 Jan/19
Euro Area 52.30 Feb/19
France 49.80 Feb/19
Germany 55.10 Feb/19
India 52.20 Jan/19
Italy 49.70 Jan/19
Japan 51.60 Jan/19
Russia 54.90 Jan/19
Spain 54.70 Jan/19
United Kingdom 50.10 Jan/19
United States 56.20 Feb/19


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