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.