The Manufacturing PMI rose to 60.4 in October of 2021, the highest since March 2021, from 54.3 in the previous month. Significant improvements were seen in new orders (61.7 vs 55.5 in September) and production (58.2 vs 49), particularly in food, beverages, textile and apparel sectors. Also, employment rose (57.7 vs 53.5) due to relaxation of travel restrictions in the country. Moreover, stocks of purchases increased (56.6 vs 49) with the improvement in new orders, anticipation of the normalization of economic activities and as producers hoard materials in advance over worries of supply-side disruptions. Meanwhile, suppliers’ delivery time lengthened (67.3 vs 65) a bit. Looking forward to the next three months, manufacturer’s expectations remained at higher levels anticipating further improvements in economic condition locally and globally. source: Central Bank of Sri Lanka

Manufacturing PMI in Sri Lanka averaged 54.74 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 December of 2021.

Manufacturing PMI in Sri Lanka is expected to be 55.00 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 55.00 points in 2022, according to our econometric models.

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Sri Lanka Manufacturing PMI


Related Last Previous Unit Reference
Industrial Production -8.23 2.90 percent Sep/21
Capacity Utilization 67.00 81.00 percent Dec/20
Changes in Inventories -64200.50 -7711.60 LKR Million Dec/20
Car Registrations 359.00 191.00 Jul/21
Manufacturing PMI 60.40 54.30 points Oct/21
Services PMI 57.90 52.20 points Oct/21
Business Confidence 68.00 88.00 points Jun/21

News Stream
Sri Lanka October Manufacturing PMI Highest in 7 Months
The Manufacturing PMI rose to 60.4 in October of 2021, the highest since March 2021, from 54.3 in the previous month. Significant improvements were seen in new orders (61.7 vs 55.5 in September) and production (58.2 vs 49), particularly in food, beverages, textile and apparel sectors. Also, employment rose (57.7 vs 53.5) due to relaxation of travel restrictions in the country. Moreover, stocks of purchases increased (56.6 vs 49) with the improvement in new orders, anticipation of the normalization of economic activities and as producers hoard materials in advance over worries of supply-side disruptions. Meanwhile, suppliers’ delivery time lengthened (67.3 vs 65) a bit. Looking forward to the next three months, manufacturer’s expectations remained at higher levels anticipating further improvements in economic condition locally and globally.
2021-11-16
Sri Lanka Manufacturing PMI Rebounds in September
The Manufacturing PMI in Sri Lanka bounced back to an expansive 54.3 in September of 2021 from 45.1 in August. Significant improvements were seen in employment (53.5 vs 44.1 in August) and new orders (55.5 vs 42.6), particularly in the manufacture of textile and wearing apparel, and food and beverages sectors. Meantime, both production (49 vs 37.8) and stock of purchases (49 vs 43.1) remained closer to the neutral level amid lower availability of raw materials and rising global commodity prices. Also, the supplier’s delivery time lengthened slightly (65 vs 64.9). Looking forward to the next three months, manufacturer’s expectations remained at elevated levels in anticipation of further improvements in economic condition locally and globally.
2021-10-15
Sri Lanka Manufacturing Sector Shrinks for 1st Time in 3 Months
The Manufacturing PMI in Sri Lanka plunged to 45.1 in August of 2021 from 57.8 in July, pointing to the first contraction in the sector since May, amid the resurgence of the spread of the coronavirus. Deterioration were mostly seen in both new orders (42.6 from 61.5 in July) and production (37.8 from 54.0), with a significant contribution from food & beverages, furniture, and textiles & wearing apparel sectors. At the same time, decreases also were recorded by contraction in stock of purchases (43.1 from 51.0), and employment (44.1 from 52.0). Meanwhile, the suppliers’ delivery time, which lengthened at a softer pace (64.9 from 69.0). Looking ahead, manufacturers’ expectations remained above the neutral threshold, amid the uncertainty over the rapid spread of the COVID-19 virus would continuously hinder the prospects of the manufacturing sector.
2021-09-16

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.