The Manufacturing PMI in Sri Lanka fell to 53.6 in February of 2020 from 54.0 in the previous month, signalling the weakest pace of expansion in the manufacturing sector since May. There were declines in new orders (51.1 vs 54.5 in January) and employment (47.3.0 vs 57.7) while suppliers’ delivery time lengthened further (66.1 vs 61.5) due to in shipments in response to COVID-19 outbreak. On the other hand, production expanded faster (54.8 vs 54.0).
Manufacturing Pmi in Sri Lanka averaged 55.45 points from 2015 until 2020, reaching an all time high of 67.30 points in May of 2015 and a record low of 41 points in April of 2019. 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 March of 2020. source: Central Bank of Sri Lanka
Manufacturing Pmi in Sri Lanka is expected to be 51.50 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 51.90 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.