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.

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Sri Lanka Manufacturing PMI



Related Last Previous Unit Reference
Industrial Production -12.54 -24.08 percent Jan 2023
Capacity Utilization 69.00 67.00 percent Dec 2021
Changes in Inventories 229520.00 -64200.50 LKR Million Dec 2021
Car Registrations 187.00 41.00 Units Dec 2022
Services PMI 48.70 50.20 points Feb 2023
Manufacturing PMI 42.30 40.80 points Feb 2023
Business Confidence 34.00 35.00 points Dec 2022

Sri Lanka Manufacturing PMI
The Sri Lanka Manufacturing Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of 150 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders, Output, Employment, Suppliers’ Delivery Times and Stock of Items Purchased, with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
42.30 40.80 67.30 24.20 2015 - 2023 points Monthly

News Stream
Sri Lankan Factory Activity Contracts for 9th Month
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.
2023-03-14
Sri Lanka Manufacturing Sector Shrinks the Most in 3 Months
The Manufacturing PMI in Sri Lanka dropped to 40.8 in January of 2023 from 44.8 in the previous month. The latest reading pointed to the eighth straight month of contraction in the country's factory sector, and the steepest pace since last October amid weak domestic and foreign demand due to seasonal holidays, and an economic slowdown in major export destinations. Decreases were seen in all the sub-indices: new orders, particularly in the manufacture of food & beverages, and textiles & wearing apparel (38.0 vs 45.5 in December); output (37.5 vs 40.5), employment (41.0 vs 44.5) and stocks of purchases (35.5 vs 41.9). Further, suppliers' delivery time lengthened in January (55.0 vs 53).
2023-02-16
Sri Lanka Manufacturing Sector Contracts for 7th Month
The Manufacturing PMI in Sri Lanka rose to 44.8 in December of 2022 from 42.1 in the previous month. Still, the latest reading pointed to the seventh straight month of contraction in the country's factory sector, amid weak foreign demand due to seasonal holidays, and an economic slowdown experienced in major export destinations. This setback was driven by subdued performance observed in all the sub-indices: new orders (45.5 vs 38 in November), output (40.5 vs 35.5), employment (44.5 vs 48) and stocks of purchases (41.9 vs 43.9). Meanwhile, suppliers' delivery time lengthened in December (53 vs 52.5).
2023-01-17