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.

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Sri Lanka Manufacturing PMI



Related Last Previous Unit Reference
Industrial Production -5.63 -13.61 percent Apr 2022
Capacity Utilization 69.00 67.00 percent Dec 2021
Changes in Inventories 229520.00 -64200.50 LKR Million Dec 2021
Car Registrations 113.00 183.00 Feb 2022
Services PMI 42.40 43.80 points May 2022
Manufacturing PMI 50.30 36.40 points May 2022
Business Confidence 103.00 100.00 points Mar 2022

Sri Lanka Manufacturing PMI
The Sri Lanka Manufacturing Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of 150 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders, Output, Employment, Suppliers’ Delivery Times and Stock of Items Purchased, with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
50.30 36.40 67.30 24.20 2015 - 2022 points Monthly

News Stream
Sri Lanka Manufacturing Subdued in May
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.
2022-06-16
Sri Lanka Manufacturing PMI Falls to 2-Year Low
The Manufacturing PMI in Sri Lanka slumped to a two-year low of 36.4 in April of 2022 from 57.8 in the previous month. The latest figure also pointed to the first contraction in factory activity since last August, dragged down by a political turmoil due to escalating economic crisis. Production tumbled sharply (19.0 vs 56.9), especially in the manufacture of food & beverage, and textiles and wearing apparel sectors, following the seasonal pattern as there were lesser number of working days in April, and due to supply-side constraints. Also, new orders plunged (32.0 vs 66.5), due to end of the festive season demand of Sinhala and Hindu New Year, amid drop in both employment (43.4 vs 52.2) and stock of purchases (28.0 vs 45.2). Looking forward to the next three months, manufacturer’s expectations deteriorated further.
2022-05-18
Sri Lanka Manufacturing Growth Accelerates
The Manufacturing PMI in Sri Lanka climbed to 57.8 in March of 2022 from February's six-month low of 52.5. The latest reading also pointed to the seven straight month of growth in factory activity, lifted by a rebound in output ahead of the seasonal holidays (56.9 vs 45), especially in the manufacture of textiles & apparel sector; and an upturn in employment (52.2 vs 46.5). At the same time, new order growth quickened (66.5 vs 59.0), mainly in the manufacture of food and beverage sector increased (66.5 vs 59). Meanwhile, stocks of purchases remained subdued (45.2 vs 47.5), with fuel shortage amid scheduled power-cut disturbing production plans and lengthening delivery time. Looking forward to the next three months, manufacturer’s expectations weakened sharply, due to the ongoing uncertainty in the country.
2022-04-19