Manufacturing PMI in Sri Lanka increased to 61.2 in December 2020, rising 3.6 index points from November, a new high since July, benefiting from normalizing economic activity. The significant improvement in production (60.1 from 52.2) stemmed mainly from manufacture of foods and beverages and had a strong influence on the overall index. Accumulation of stock anticipating supply chain disruptions ahead of the Chinese New Year holidays contributed to hikes in new orders (63.5 from 61.8) and stock of purchases (55.6 from 47.2), the latter reversing from a downward trend. Employment also rebounded from 48.9 to 55.1, whilst suppliers’ delivery time suffered from delays at the Port of Colombo, falling to 75.3, from 77 last month. source: Central Bank of Sri Lanka
Manufacturing PMI in Sri Lanka averaged 54.83 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 January of 2021.
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 55.00 in 12 months time. In the long-term, the Sri Lanka Manufacturing PMI is projected to trend around 55.00 points in 2022, according to our econometric models.