The Services PMI in Sri Lanka dropped to a three-month low of 53.0 in February 2019 from 55.8 in the previous month, as all sub-indices fell: new business (55.3 vs 57.7); business activity (54.7 vs 56.7); employment (51.1 vs 57.4); backlogs of work (43.3 vs 42.9); and expectations for activity (60.5 vs 64.4). Services Pmi in Sri Lanka averaged 58.09 from 2015 until 2019, 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 52.70 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 57.10 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.