The Manufacturing PMI in Sri Lanka plunged to 44.1 in June 2022 from 50.3 in the previous month, dragged down by declines in all the sub-indices except supplier's delivery time, amid economic and political crisis. New orders dropped at a faster pace (38.3 vs 47.5), particularly in manufacturing of food and beverage sector, amid high inflationary pressures. Also, there was a faster decline in both production (36.2 vs 44.5) and stock of purchases (34.8 vs 39.4), while employment shrank, after an expansion in May (45.7 vs 51.0). Meanwhile, delivery time lengthened (72.8 vs 71.7), due to COVID-19-related lockdowns in China, fuel shortage as well as clearance delays of imported goods. Looking ahead, sentiment weakened further, linked to uncertain domestic economic situation, supply-side constraints and possible weakening of external demand. source: Central Bank of Sri Lanka
Manufacturing PMI in Sri Lanka averaged 54.53 points from 2015 until 2022, 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 August of 2022.
Manufacturing PMI in Sri Lanka is expected to be 61.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Manufacturing PMI is projected to trend around 65.00 points in 2023, according to our econometric models.