The Manufacturing PMI in Sri Lanka was at 50.3 in May 2022, up from April's two-year low of 36.4 as the nation suffered the worst economic crisis since it gained independence in 1948, central bank data showed. There was a recovery in employment following a sharp contraction previously (51.0 vs 43.4 in April) while both output (44.5 vs 19.0) and new orders (47.5 vs 32.0) shrank at softer paces. Stock of purchases also dropped less than a month earlier (49.4 vs 28.0), despite unavailability of required quantities in the domestic market and difficulties in opening letters of credit for importing materials. Delivery time lengthened (71.7 vs 70.6), due to fuel shortage as well as clearance delays of imported goods. Looking ahead, sentiment deteriorated further, linked to uncertain domestic economic situation. source: Central Bank of Sri Lanka
Manufacturing PMI in Sri Lanka averaged 54.65 points from 2015 until 2022, 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 June of 2022.
Manufacturing PMI in Sri Lanka is expected to be 61.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Manufacturing PMI is projected to trend around 65.00 points in 2023, according to our econometric models.