The services sector PMI in Sri Lanka rose to 54.7 in December of 2018 from 52.6 in November which was the lowest reading since the series began in May of 2015. Faster increases were seen in new business (55.4 from 53.4) and business activity (64.5 from 57.4) as wholesale & retail trade and accommodation, food & beverage sub sectors posted a strong growth due to the festive season and peak season for tourism. Transportation of goods also went up with increased transshipment volumes while other personal services such as leisure activities also improved with the holiday season. Growth in new businesses were observed across financial services, insurance and professional services due to favourable demand conditions. Expectations for activity also increased (62.4 from 55.1) while employment declined (44.1 from 52.3) due to delays in filling open positions. Services Pmi in Sri Lanka averaged 58.25 from 2015 until 2018, reaching an all time high of 66.80 in May of 2015 and a record low of 52.60 in November of 2018.

Services Pmi in Sri Lanka is expected to be 56.80 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services Pmi in Sri Lanka to stand at 57.10 in 12 months time. In the long-term, the Sri Lanka Services PMI is projected to trend around 56.90 in 2020, according to our econometric models.

Sri Lanka Services PMI
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Sri Lanka Business Last Previous Highest Lowest Unit
Industrial Production 0.40 1.10 35.20 -11.40 percent [+]
Capacity Utilization 81.00 78.00 82.00 69.00 percent [+]
Changes in Inventories 1217425.70 373245.00 1217425.70 373245.00 LKR Million [+]
Car Registrations 7935.00 6210.00 15017.00 308.00 [+]
Internet Speed 8527.30 7307.31 8527.30 374.62 KBps [+]
IP Addresses 85420.00 107335.00 246049.00 31627.00 IP [+]
Services Pmi 54.70 52.60 66.80 52.60 [+]
Business Confidence 66.00 78.00 136.00 66.00 Index Points [+]
Corruption Index 38.00 38.00 40.00 31.00 Points [+]
Corruption Rank 89.00 91.00 97.00 52.00 [+]
Competitiveness Index 56.00 56.38 56.38 3.84 Points [+]
Competitiveness Rank 85.00 81.00 85.00 52.00 [+]
Ease of Doing Business 100.00 111.00 113.00 83.00 [+]
Manufacturing Pmi 53.70 54.30 67.30 41.60 [+]
Manufacturing Production 0.40 1.10 7.80 -3.00 percent [+]


Sri Lanka Services PMI

The Services Sri Lanka PMI (Purchasing Managers' Index) is based on data collected from a representative panel of 140 companies based in the Sri Lanka's service sector. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This page provides - Sri Lanka Services Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Services PMI - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.70 52.60 66.80 52.60 2015 - 2018 Monthly




Country Last Previous
Australia 44.30 Jan/19
Brazil 52.00 Jan/19
China 53.60 Jan/19
Euro Area 51.20 Jan/19
France 47.80 Jan/19
Germany 53.00 Jan/19
India 52.20 Jan/19
Italy 49.70 Jan/19
Japan 51.60 Jan/19
Russia 54.90 Jan/19
Spain 54.70 Jan/19
United Kingdom 50.10 Jan/19
United States 54.20 Jan/19


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