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.

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Sri Lanka Manufacturing PMI



Related Last Previous Unit Reference
Industrial Production -9.12 -14.20 percent Sep 2022
Capacity Utilization 69.00 67.00 percent Dec 2021
Changes in Inventories 229520.00 -64200.50 LKR Million Dec 2021
Car Registrations 177.00 104.00 Sep 2022
Services PMI 47.90 51.20 points Oct 2022
Manufacturing PMI 38.40 42.60 points Oct 2022
Business Confidence 28.00 53.00 points Jun 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
38.40 42.60 67.30 24.20 2015 - 2022 points Monthly

News Stream
Sri Lanka Manufacturing PMI Hits Lowest Since April 2020
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.
2022-11-16
Sri Lanka Manufacturing Sector Shrinks Faster in September
The Manufacturing PMI in Sri Lanka fell to 42.6 in September of 2022 from 49.6 in August, pointing to a setback in manufacturing activities driven by the decreases in all the sub-indices, except employment and suppliers’ delivery time. The decline in new orders and production was mainly attributable to the manufacture of food & beverages, and textiles & wearing apparel sectors. Further, 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. However, employment is broadly at the level of the previous month and suppliers' delivery time lengthened slightly. Some respondents mentioned that they continuously experience difficulties in sourcing raw materials due to lower foreign exchange availability, although some recent improvement has been witnessed. Finally, expectations deteriorated, anticipating demand side impediments to be intensified in the coming months.
2022-10-17
Sri Lanka Factory Activity Shrinks at Softer Pace
The Manufacturing PMI in Sri Lanka increased to 49.6 in August 2022 from July’s three-month low of 41.4 in the previous month. The latest figure was the highest reading since May, due to improvements in both employment and stock of purchases, while production and new orders declined at a softer pace. Employment increased (52.0 vs 45.0), particularly in manufacturing of textiles and apparel sector. Also, there was an increase in stock of purchases (51.5 vs 32.7), mainly due to higher activity levels anticipated in the coming months, amid improving foreign exchange. Meantime, both production (49.0 vs 32.0) and new orders (49.0 vs 39.0) contracted at a slower rate, particularly in the manufacture of textiles and apparel sector, At the same time, the suppliers' delivery time was shortened with the improved mobility (47.5 vs 62.6). Looking ahead, sentiment improved for the first time since February 2022 on gradually restoring stability.
2022-09-16