The Manufacturing PMI in Sri Lanka jumped to 59.8 in September of 2020 from 57.9 in the prior month, signalling a faster expansion in the manufacturing sector amid the normalisation of business activities in the country. Growth was mainly due to higher production (63.3 vs 57.5) and new orders (61.7 vs 58.8), especially in manufacturing of food & beverages and textiles & wearing apparel, as factories operated at full capacity. Employment continued to rise although at a slower pace (51.6 vs 54), the same as stock of purchases (56.9 vs 57.5). Meanwhile, businesses highlighted that the restrictions imposed on importation of some categories of goods continued to affect the smooth functioning of manufacturing activities. Also, expectations for manufacturing activities for the next three months declined significantly due to the spreading of COVID-19 virus in the country. source: Central Bank of Sri Lanka

Manufacturing Pmi in Sri Lanka averaged 54.91 points from 2015 until 2020, 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 October of 2020.

Manufacturing Pmi in Sri Lanka is expected to be 51.90 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 53.50 in 12 months time. In the long-term, the Sri Lanka Manufacturing PMI is projected to trend around 55.90 points in 2021 and 58.90 points in 2022, according to our econometric models.

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Sri Lanka Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
59.80 57.90 67.30 24.20 2015 - 2020 points Monthly


News Stream
Sri Lanka Factory Activity Rises at a Faster Pace
The Manufacturing PMI in Sri Lanka jumped to 59.8 in September of 2020 from 57.9 in the prior month, signalling a faster expansion in the manufacturing sector amid the normalisation of business activities in the country. Growth was mainly due to higher production (63.3 vs 57.5) and new orders (61.7 vs 58.8), especially in manufacturing of food & beverages and textiles & wearing apparel, as factories operated at full capacity. Employment continued to rise although at a slower pace (51.6 vs 54), the same as stock of purchases (56.9 vs 57.5). Meanwhile, businesses highlighted that the restrictions imposed on importation of some categories of goods continued to affect the smooth functioning of manufacturing activities. Also, expectations for manufacturing activities for the next three months declined significantly due to the spreading of COVID-19 virus in the country.
2020-10-16
Sri Lanka Manufacturing Sector Recovery Slows
The Manufacturing PMI in Sri Lanka decreased to 57.9 in August of 2020 from 64.6 in the prior month, still signaling a strong pace of expansion in the sector amid the normalisation of business activities in the country. Both output (57.5 vs 73.7 in July) and new orders (58.5 vs 69.5) slowed, as the continuation of restrictions imposed on importation of certain categories of goods including machinery parts adversely affected the smooth functioning of manufacturing activities. Also, stocks of purchases rose at a slower pace (57.5 vs 61.6) while the suppliers’ delivery time continued to lengthen, due to issues in logistics such as unavailability of direct shipping services. In contrast, employment grew much faster (54 vs 51.6). The overall expectations for manufacturing activities for the next three months improved also improved.
2020-09-17
Sri Lanka Manufacturing Sector Continues to Expand Solidly
The Manufacturing PMI in Sri Lanka declined to 64.6 in July 2020 from 67.3 in the previous month, still signalling a strong pace of expansion in the sector, as manufacturing activities gradually approached the pre-COVID levels. Production and new orders continued to grow at a solid rate, while the pace of job creation remained subdued. Stocks of purchases rose at a faster pace due to intended accumulation of stocks for future productions, anticipating higher demand with the normalization of economic activities. The suppliers’ delivery time continued to lengthen, but at a slower rate.
2020-08-17
Sri Lanka Manufacturing PMI Strongest since 2015
The Manufacturing PMI for Sri Lanka jumped to 67.3 in June of 2020 from 49.3 in May, pointing to the strongest growth in the manufacturing sector since May of 2015, as economic activity returned to normal after coronavirus-induced mobility restrictions were lifted. There was a significant improvement in production (77.4 vs 51.1), new orders (73.7 vs 47.3) and employment (51.6 vs 37.8) especially in manufacturing of food & beverages and textiles & wearing apparels subcategories, mainly supported by local demand. Stock of purchases also increased at a higher rate during the month (61.1 vs 47.9). Overall expectations for manufacturing activities for the next three months significantly improved although companies are still concerned that the subdued external demand due to the COVID-19 pandemic would continue to put pressure on their business activities.
2020-07-16

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.