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.

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Sri Lanka Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
67.30 49.30 67.30 24.20 2015 - 2020 points Monthly


News Stream
Sri Lanka Manufacturing PMI Strongest since 2015
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.
2020-07-16
Sri Lanka Factory Activity Shrinks at Softer Pace in May
The Manufacturing PMI in Sri Lanka rose to 49.3 in May of 2020 from a record low of 24.2 in April, amid the gradual easing of coronavirus restrictions. There were improvements in output (51.1 vs 3.5 in April), new orders (47.3 vs 11.1), employment (37.8 vs 29.9), stocks of purchases (47.9 vs 9.7) and suppliers' delivery time (66.5 vs 86.8). However, many respondents in the manufacturing of textile & wearing apparel and manufacturing of chemicals & chemical products sector highlighted that they still have not received orders for their products and therefore, they have initiated to produce some alternative products relating to health and safety instead of their regular products. Looking forward, the overall expectations for the next three months significantly increased compared to the prior month, despite concerns that Covid-19 pandemic would continue to affect the consumer demand.
2020-06-16
Sri Lanka Manufacturing PMI Hits New Low
The Manufacturing PMI in Sri Lanka declined to 24.2 in April of 2020 from 30 in the prior month. The latest reading pointed to the steepest downturn on record in manufacturing activity, as factories either remained closed during the month of April 2020 or operated at a fraction of its usual capacity amid lockdown measures across the island to stem the novel coronavirus. Accordingly, deeper decreases were seen in output (3.5 vs 5.2 in March), new orders (11.1 vs 18.7), employment (29.9 vs 44.8) and stocks of purchases (9.7 vs 12.7). In particular, the textile and wearing apparel sector highlighted that they have not received orders for their regular products particularly from US and European buyers due to the rapid spread of Covid-19 in those countries. In addition, suppliers’ delivery time lengthened further (86.8 vs 85.8) due to due delays in shipments and local logistics linked to the pandemic.
2020-05-19
Sri Lanka Factory Activity Shrinks at Record Pace
The Manufacturing PMI in Sri Lanka declined to 30 in March 2020 from 53.6 in the previous month. The latest reading pointed to the sharpest contraction on record in factory activity as the coronavirus pandemic hit the economy. Output (5.2 vs 54.8 in February); new orders (18.7 vs 51.1) and employment (44.8 vs 47.3) shrank. In addition, suppliers’ delivery time lengthened further (85.8 vs 66.1) due to due delays in shipments and local logistics amid the covid-19 crisis.
2020-04-17

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.