The Manufacturing PMI in Sri Lanka fell to 38.4 in October of 2022 from 42.6 in the previous month, pointing to a sharp setback in manufacturing activities driven by the decreases in all the sub-indices. It was the lowest reading since April 2020, with the sharp decline in new orders and production mainly attributable to the manufacture of food & beverages and textiles & wearing apparel sectors. Additionally, manufacturers in the export-oriented industries mentioned that they experienced a weaker demand mainly due to the fear of recession in the major export destinations. Furthermore, employment decreased while the stock of purchases declined in line with the drop in production and new orders. Finally, expectations for manufacturing activities for the next three months remained in the negative territory on prospects of weak demand. source: Central Bank of Sri Lanka
Manufacturing PMI in Sri Lanka averaged 54.01 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 November of 2022.
Manufacturing PMI in Sri Lanka is expected to be 64.00 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.