The Manufacturing PMI for Sri Lanka was at 42.3 in February of 2023, edging higher from the 40.8 in the previous month but booking its ninth consecutive month deep in the contraction territory amid the country’s ongoing economic crisis. Both new orders (41.5 vs 38 in January) and production (40 vs 37.5) fell at a sharp, albeit slower, pace during the month amid subdued demand observed in the textile and wearing apparel sectors, which are vital for the Sri Lankan economy. Aggressive contractions were also noted for employment (40 vs 41) and stock of purchases (43.5 vs 35.5), while suppliers’ delivery time held the upswing from January (50 vs 55). Still, firms expect demand to increase on a month-to-month basis ahead of the festive season in April. source: Central Bank of Sri Lanka
Manufacturing PMI in Sri Lanka averaged 53.52 points from 2015 until 2023, reaching an all time high of 67.30 points in May of 2015 and a record low of 24.20 points in April of 2020. This page provides - Sri Lanka Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.