The services sector PMI in Sri Lanka fell to 52.6 in November of 2018 from 55.5 in the previous month, pointing to the weakest growth in the services sector since the series began in May of 2015. Slower increases were recorded for new businesses (53.4 from 58.2) and employment (52.3 from 55.4) and expectations for activity also worsened (55.1 from 63.6) due to the current political situation in the country and uncertainty on future policies. Also, backlogs of work continued to fall although at a lower rate (44.6 from 43.1). On the other hand, business activity (57.4 from 57.1) increased faster, namely wholesale & retail trade and accommodation, food & beverage due to the upcoming festive season and the peak in tourism season. Prices charged increased due to the depreciation of the local currency. However, some respondents cited that the recent reduction in fuel prices would cause a less than expected increase in their output prices. Services Pmi in Sri Lanka averaged 58.34 from 2015 until 2018, reaching an all time high of 66.80 in May of 2015 and a record low of 52.60 in November of 2018.

Services Pmi in Sri Lanka is expected to be 57.90 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services Pmi in Sri Lanka to stand at 56.50 in 12 months time. In the long-term, the Sri Lanka Services PMI is projected to trend around 56.90 in 2020, according to our econometric models.

Sri Lanka Services 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 8223.00 8147.00 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 52.60 55.50 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 54.30 58.20 67.30 41.60 [+]
Manufacturing Production 0.40 1.10 7.80 -3.00 percent [+]


Sri Lanka Services PMI

The Services Sri Lanka PMI (Purchasing Managers' Index) is based on data collected from a representative panel of 140 companies based in the Sri Lanka's service sector. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This page provides - Sri Lanka Services Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Services PMI - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
52.60 55.50 66.80 52.60 2015 - 2018 Monthly




Country Last Previous
Australia 55.10 Nov/18
Brazil 51.30 Nov/18
China 53.80 Nov/18
Euro Area 51.40 Dec/18
France 49.60 Dec/18
Germany 52.50 Dec/18
India 53.70 Nov/18
Italy 50.30 Nov/18
Japan 52.30 Nov/18
Russia 55.60 Nov/18
Spain 54.00 Nov/18
United Kingdom 50.40 Nov/18
United States 53.40 Dec/18


Related

Latest