The Manufacturing PMI for Sri Lanka jumped to 67.3 in June of 2020 from 49.3 in May, pointing to the strongest growth in the manufacturing sector since May of 2015, as economic activity returned to normal after coronavirus-induced mobility restrictions were lifted. There was a significant improvement in production (77.4 vs 51.1), new orders (73.7 vs 47.3) and employment (51.6 vs 37.8) especially in manufacturing of food & beverages and textiles & wearing apparels subcategories, mainly supported by local demand. Stock of purchases also increased at a higher rate during the month (61.1 vs 47.9). Overall expectations for manufacturing activities for the next three months significantly improved although companies are still concerned that the subdued external demand due to the COVID-19 pandemic would continue to put pressure on their business activities.
Manufacturing Pmi in Sri Lanka averaged 54.63 points from 2015 until 2020, 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 August of 2020. source: Central Bank of Sri Lanka
Manufacturing Pmi in Sri Lanka is expected to be 55.00 points 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 52.00 in 12 months time. In the long-term, the Sri Lanka Manufacturing PMI is projected to trend around 55.90 points in 2021 and 58.90 points in 2022, according to our econometric models.