Sri Lanka's Services PMI decreased to 57.0 in January of 2020 from 60.2 in the previous month, amid a slowdown in new businesses (60.4 from 63.0 in December) and business activity (61.4 vs 67.8) while expectations for activity deteriorated (66.5 from 73.3). On the other hand, employment expanded (52.5 from 47.0), contributing to a decline in backlogs of work (44.1 from 50.0). Sri Lanka Services PMI - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Services Pmi in Sri Lanka averaged 57.29 points from 2015 until 2020, reaching an all time high of 66.80 points in May of 2015 and a record low of 44.70 points in May of 2019. This page provides - Sri Lanka Services Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Bank of Sri Lanka

Services Pmi in Sri Lanka is expected to be 53.50 points 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 56.90 in 12 months time. In the long-term, the Sri Lanka Services PMI is projected to trend around 56.90 points in 2021, according to our econometric models.


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Sri Lanka Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
57.00 60.20 66.80 44.70 2015 - 2020 points Monthly


News Stream
Sri Lanka Services Activity Growth Slows in January
Sri Lanka's Services PMI decreased to 57.0 in January of 2020 from 60.2 in the previous month, amid a slowdown in new businesses (60.4 from 63.0 in December) and business activity (61.4 vs 67.8) while expectations for activity deteriorated (66.5 from 73.3). On the other hand, employment expanded (52.5 from 47.0), contributing to a decline in backlogs of work (44.1 from 50.0).
2020-02-14
Sri Lanka Services PMI at 2-Year High
The Sri Lanka Services PMI increased to 60.2 in December of 2019 from 57.4 in the previous month. That was the highest reading since December of 2017, due to the festive season and peak season of tourism. Improvements were seen in new businesses (63.0 vs 52.2 in November) and business activity (67.8 vs 59.0) while employment continued to contract (47.0 vs 49.4). At the same time, expectations for activity deteriorated (73.3 vs 78.1)
2020-01-20
Sri Lanka Services PMI at Over 1-Year High
The Sri Lanka Services PMI increased to 57.4 in November of 2019 from 56.9 in the previous month. That was the highest reading since July last year, as expectations for activity improved (78.1 vs 68.2 in October), the highest since June 2015, while employment contracted at a softer pace (49.4 vs 44.0). On the other hand, new business expanded less (52.2 vs 61.5) while business activity (59) expanded the same as in the prior month.
2019-12-23
Sri Lanka Services Growth Strongest in 3 Months
The Sri Lanka Services PMI increased to 56.9 in October of 2019 from 52.7 in the previous month. That was the highest reading since July, supported by accelerated expansion in new business (61.5 vs 55.0 in September), business activity (59.0 vs 52.5) and expectations for activity (68.2 vs 63.4). On the other hand, a further contraction was seen in employment (44.0 vs 44.7).
2019-11-15

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.