The Manufacturing PMI in Sri Lanka fell to 53.7 in December of 2018 from 54.3 in November, pointing to the slowest growth in factory activity since a contraction in April. Smaller increases were seen in production (51.5 from 54) and employment shrank (46.5 from 55), especially in manufacturing of textiles, wearing apparels, leather and related activities. A significant decline in employment was experienced as some employees moved to seasonal jobs for better salaries. This partly impacted on decrease in production. On the other hand, new orders (57 from 54) rose faster, namely food and beverages related with the continued festival season demand and stocks of purchases (60.5 from 57.5) increased due to intended accumulation of stocks to fulfil the future requirements anticipating supply disruptions due to upcoming Chinese new year festival. As a result, suppliers’ delivery time also lengthened (55.5 from 52.5). Manufacturing Pmi in Sri Lanka averaged 55.83 from 2015 until 2018, reaching an all time high of 67.30 in May of 2015 and a record low of 41.60 in April of 2016.

Manufacturing Pmi in Sri Lanka is expected to be 56.20 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 57.70 in 12 months time. In the long-term, the Sri Lanka Manufacturing PMI is projected to trend around 58.90 in 2020, according to our econometric models.

Sri Lanka Manufacturing PMI
width
height
Forecast Data Chart
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Sri Lanka Business Last Previous Highest Lowest Unit
Industrial Production 0.40 1.10 35.20 -11.40 percent [+]
Capacity Utilization 81.00 78.00 82.00 69.00 percent [+]
Changes in Inventories 1217425.70 373245.00 1217425.70 373245.00 LKR Million [+]
Car Registrations 6210.00 8223.00 15017.00 308.00 [+]
Internet Speed 8527.30 7307.31 8527.30 374.62 KBps [+]
IP Addresses 85420.00 107335.00 246049.00 31627.00 IP [+]
Services Pmi 54.70 52.60 66.80 52.60 [+]
Business Confidence 78.00 87.00 136.00 78.00 Index Points [+]
Corruption Index 38.00 36.00 40.00 31.00 Points [+]
Corruption Rank 91.00 95.00 97.00 52.00 [+]
Competitiveness Index 56.00 56.38 56.38 3.84 Points [+]
Competitiveness Rank 85.00 81.00 85.00 52.00 [+]
Ease of Doing Business 100.00 111.00 113.00 83.00 [+]
Manufacturing Pmi 53.70 54.30 67.30 41.60 [+]
Manufacturing Production 0.40 1.10 7.80 -3.00 percent [+]


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. This page provides - Sri Lanka Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53.70 54.30 67.30 41.60 2015 - 2018 Monthly




Country Last Previous
Australia 49.50 Dec/18
Brazil 52.60 Dec/18
Canada 53.60 Dec/18
China 49.70 Dec/18
Euro Area 51.40 Dec/18
France 49.70 Dec/18
Germany 51.50 Dec/18
India 53.20 Dec/18
Indonesia 51.20 Dec/18
Italy 49.20 Dec/18
Japan 52.60 Dec/18
Mexico 49.70 Dec/18
Netherlands 57.20 Dec/18
Russia 51.70 Dec/18
Saudi Arabia 54.50 Dec/18
Singapore 51.10 Dec/18
South Africa 50.70 Dec/18
South Korea 49.80 Dec/18
Spain 51.10 Dec/18
Switzerland 57.80 Dec/18
Turkey 44.20 Dec/18
United Kingdom 54.20 Dec/18
United States 53.80 Dec/18


Related

Latest