The Services PMI in Sri Lanka increased to 57.9 in October of 2021, the highest since March 2021 from 52.2 in the previous month. Business activities rose at a faster pace(58.3 vs 54) particularly in financial services,transportation,education,wholesale and retail trade. Also, new business growth advanced further(58.3 vs 54) due to improvements in financial services, transportation, education, insurance, professional services, real estate and telecommunication sectors. Meantime, employment remained in the negative territory (45 vs 40.3) as the number of retirements and voluntary resignations exceeded the number of new recruitments and backlogs of work decreased (49.5 vs 54.8) for the first time in 7 months as most staff reported to work after the relaxation of travel restrictions. Finally, expectations on future business activity advanced further (70.3 vs 65.6) following relaxation of pandemic-induced restrictions and increased optimism on demand side in the upcoming festive season. source: Central Bank of Sri Lanka
Services PMI in Sri Lanka averaged 55.20 points from 2015 until 2021, reaching an all time high of 66.80 points in May of 2015 and a record low of 29.80 points in April of 2020. This page provides - Sri Lanka Services Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
Services PMI in Sri Lanka is expected to be 57.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Services PMI is projected to trend around 57.00 points in 2022, according to our econometric models.