Sri Lanka Manufacturing PMI

The Manufacturing PMI in Sri Lanka fell to 53.7 in December of 2018 from 54.3 in November, pointing to the slowest growth in factory activity since a contraction in April. Smaller increases were seen in production (51.5 from 54) and employment shrank (46.5 from 55), especially in manufacturing of textiles, wearing apparels, leather and related activities. A significant decline in employment was experienced as some employees moved to seasonal jobs for better salaries. This partly impacted on decrease in production. On the other hand, new orders (57 from 54) rose faster, namely food and beverages related with the continued festival season demand and stocks of purchases (60.5 from 57.5) increased due to intended accumulation of stocks to fulfil the future requirements anticipating supply disruptions due to upcoming Chinese new year festival. As a result, suppliers’ delivery time also lengthened (55.5 from 52.5). Manufacturing Pmi in Sri Lanka averaged 55.83 from 2015 until 2018, reaching an all time high of 67.30 in May of 2015 and a record low of 41.60 in April of 2016.

Manufacturing Pmi in Sri Lanka is expected to be 56.20 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Pmi in Sri Lanka to stand at 57.70 in 12 months time. In the long-term, the Sri Lanka Manufacturing PMI is projected to trend around 58.90 in 2020, according to our econometric models.

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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	7935.00	6210.00	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	54.70	52.60	66.80	52.60		[+]
Business Confidence	66.00	78.00	136.00	66.00	Index Points	[+]
Corruption Index	38.00	38.00	40.00	31.00	Points	[+]
Corruption Rank	89.00	91.00	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	53.70	54.30	67.30	41.60		[+]
Manufacturing Production	0.40	1.10	7.80	-3.00	percent	[+]

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. This page provides - Sri Lanka Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on February of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	53.70	54.30	67.30	41.60	2015 - 2018		Monthly

Country	Last		Previous	Range
Australia	52.50	Jan/19	50	62.5 : 29.47
Brazil	52.70	Jan/19	52.6	53.5 : 41.6
Canada	53.00	Jan/19	53.6	57.1 : 47.5
China	48.30	Jan/19	49.7	52.3 : 47.2
Euro Area	50.50	Jan/19	51.4	60.6 : 33.5
France	51.20	Jan/19	49.7	58.8 : 42.7
Germany	49.70	Jan/19	51.5	63.3 : 32
India	53.90	Jan/19	53.2	55 : 47.9
Indonesia	49.90	Jan/19	51.2	58.5 : 46.4
Italy	47.80	Jan/19	49.2	59 : 47.8
Japan	50.30	Jan/19	52.6	56.2 : 29.6
Mexico	50.90	Jan/19	49.7	57.1 : 49.2
Netherlands	55.10	Jan/19	57.2	63.4 : 48
Russia	50.90	Feb/19	51.7	54.7 : 47.6
Saudi Arabia	56.20	Jan/19	54.5	61.8 : 51.4
Singapore	50.70	Jan/19	51.1	53.1 : 48.3
South Africa	49.90	Jan/19	50.7	60.87 : 35.09
South Korea	48.30	Jan/19	49.8	52.6 : 45.7
Spain	52.40	Jan/19	51.1	56.1 : 41.1
Switzerland	54.30	Jan/19	57.5	66.9 : 32.8
Turkey	44.20	Jan/19	44.2	55.7 : 42.7
United Kingdom	52.80	Jan/19	54.2	61.5 : 34.4
United States	54.90	Jan/19	53.8	57.9 : 50.7