The Services PMI for Sri Lanka fell to 41.8 in October of 2020 from 54.3 in September, pointing to the first contraction in services activity since May, due to adverse impacts of the second wave of COVID-19 pandemic in early October. New businesses, particularly in financial services and insurance subsectors declined (40.1 vs 58.9) and contractions were also seen in business activity (35.7 vs 60.4) and employment (39.3 vs 49.5). Also, expectations on future business activities worsened (35.2 vs 59.6). source: Central Bank of Sri Lanka
Services Pmi in Sri Lanka averaged 55.68 points from 2015 until 2020, reaching an all time high of 66.80 points in May of 2015 and a record low of 29.80 points in April of 2020. This page provides - Sri Lanka Services Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Services Pmi in Sri Lanka is expected to be 51.00 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 58.00 in 12 months time. In the long-term, the Sri Lanka Services PMI is projected to trend around 57.00 points in 2021, according to our econometric models.