Sri Lanka Services PMI

Sri Lanka's Services PMI dropped to 52.9 in August 2019 from a 12-month high of 57.1 in the previous month, driven by a slowdown in new businesses (52.7 vs 59.9), business activity (59.6 vs 63.5) and expectations for activity (63.4 vs 71.4). In addition, employment continued to contract (43.6 vs 43.2), due to retirements and time lags in filling vacant positions; while backlogs of work also fell (45.3 vs 47.7). Services Pmi in Sri Lanka averaged 57.33 from 2015 until 2019, reaching an all time high of 66.80 in May of 2015 and a record low of 44.70 in May of 2019.

Services Pmi in Sri Lanka is expected to be 53.50 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 53.50 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.

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Sri Lanka Business	Last	Previous	Highest	Lowest	Unit
Industrial Production	2.10	2.20	35.20	-11.40	percent	[+]
Capacity Utilization	81.00	81.00	82.00	69.00	percent	[+]
Changes in Inventories	313742.80	1217425.70	1217425.70	313742.80	LKR Million	[+]
Car Registrations	2045.00	2281.00	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	52.90	57.10	66.80	44.70		[+]
Business Confidence	74.00	61.00	136.00	61.00	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	56.60	55.70	67.30	41.00		[+]
Manufacturing Production	2.20	0.40	7.80	-3.00	percent	[+]

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 September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	52.90	57.10	66.80	44.70	2015 - 2019		Monthly

Country	Last		Previous	Range
Australia	51.40	Aug/19	43.9	63 : 32.5	Index Points
Brazil	51.40	Aug/19	52.2	57.1 : 36.9	Index Points
China	52.10	Aug/19	51.6	54.7 : 50	Index Points
Euro Area	53.50	Aug/19	53.2	58.3 : 39.2	Index Points
France	53.40	Aug/19	52.6	62.9 : 40.2	Index Points
Germany	54.80	Aug/19	54.5	60.3 : 41.3	Index Points
India	52.40	Aug/19	53.8	57.5 : 44.6	Index Points
Italy	50.60	Aug/19	51.7	57.7 : 42.3	Index Points
Japan	53.30	Aug/19	51.8	55.3 : 46.4	Index Points
Russia	52.10	Aug/19	50.4	58.4 : 41.3	Index Points
Spain	54.30	Aug/19	52.9	60.3 : 36.8	Index Points
United Kingdom	50.60	Aug/19	51.4	62.5 : 40.1	Index Points
United States	50.70	Aug/19	53	61 : 49.3	Index Points