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.

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Sri Lanka Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
61.20 57.60 67.30 24.20 2015 - 2020 points Monthly


News Stream
Sri Lanka Manufacturing PMI at 5-Month High
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.
2021-01-18
Sri Lanka Factory Activity Recovers in November
The Manufacturing PMI for Sri Lanka rose to 57.6 in November of 2020 from 40.3 in October, as new orders (61.8 vs 43.3 in October) and production (52.2 vs 30.3) rebounded. Also, employment (48.9 vs 25.8) and stocks of purchases (47.2 vs 37.1) contracted at a slower pace. The suppliers’ delivery time sub-index lengthened at a higher pace, mainly due to ongoing delays at the Port of Colombo where many respondents mentioned that their shipments were either rerouted or refused to accept by the shipping lines. Finally, expectations for the next three months increased significantly on hopes for the normalisation of economic activities within the country as well as in major export markets.
2020-12-16
Sri Lanka Factory Activity Back to Contraction
The Manufacturing PMI for Sri Lanka fell to 40.3 in October of 2020 from 59.8 in September, pointing to the first contraction in factory activity in five months, due to adverse impacts of the second wave of COVID-19 pandemic in early October. Significant declines were seen in production (30.3 vs 63.3), new orders (43.3 vs 61.7), employment (25.8 vs 51.6) and stock of purchases (37.1 vs 56.9), particularly in manufacturing of wearing apparel and food & beverages. Also, expectations for the next three months declined significantly.
2020-11-25
Sri Lanka Factory Activity Rises at a Faster Pace
The Manufacturing PMI in Sri Lanka jumped to 59.8 in September of 2020 from 57.9 in the prior month, signalling a faster expansion in the manufacturing sector amid the normalisation of business activities in the country. Growth was mainly due to higher production (63.3 vs 57.5) and new orders (61.7 vs 58.8), especially in manufacturing of food & beverages and textiles & wearing apparel, as factories operated at full capacity. Employment continued to rise although at a slower pace (51.6 vs 54), the same as stock of purchases (56.9 vs 57.5). Meanwhile, businesses highlighted that the restrictions imposed on importation of some categories of goods continued to affect the smooth functioning of manufacturing activities. Also, expectations for manufacturing activities for the next three months declined significantly due to the spreading of COVID-19 virus in the country.
2020-10-16

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.