The Manufacturing PMI in Sri Lanka rose to 50.4 in June of 2021 rebounding from a seven-month low of 42.1 in May, showing signs of a slight recovery in factory conditions since the latest pandemic wave that peaked in late May. Improvements were mostly seen in new orders (52.1 from 42.4 in May), with a significant contribution from the foods & beverage sector, and in the suppliers’ delivery time, which lengthened at a slower pace (68.9 from 73.8) amid easing movement restrictions domestically. Meanwhile, gains were limited by another contraction in production (43.2 from 27.9), stock of purchases (45.3 from 36.0), and employment (45.8 from 38.4). Looking ahead, manufacturers’ expectations were markedly more optimistic, lifted by the rapid rollout of COVID-19 vaccines and further easing of restrictions. source: Central Bank of Sri Lanka
Manufacturing PMI in Sri Lanka averaged 54.76 points from 2015 until 2021, 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 2021.
Manufacturing PMI in Sri Lanka is expected to be 60.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Sri Lanka to stand at 56.00 in 12 months time. In the long-term, the Sri Lanka Manufacturing PMI is projected to trend around 55.00 points in 2022, according to our econometric models.