The services sector PMI in Sri Lanka rose to 55.5 in October 2018 from 53 in the previous month. There was a strong expansion in business activities (57.1 from 51 in September), mainly in transportation, warehousing and financial services; and new business (58.2 from 55.2), particularly for financial and professional services. This in turn, led to a faster rate of job creation (55.4 from 54.2), while backlogs of work went down (43.1 from 45). Moreover, the optimism on the three-month business outlook strengthened at a faster pace (63.6 from 59.6), due to the upcoming festival season and tourism’ peak season, while concerns went up over the political situation and depreciation of the Sri Lankan rupee. Also, on the price front, output cost inflation accelerated. Services Pmi in Sri Lanka averaged 58.47 from 2015 until 2018, reaching an all time high of 66.80 in May of 2015 and a record low of 53 in September of 2018.

Services Pmi in Sri Lanka is expected to be 57.90 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 56.50 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.

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 8223.00 8147.00 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 55.50 53.00 66.80 53.00 [+]
Business Confidence 78.00 87.00 136.00 78.00 Index Points [+]
Corruption Index 38.00 36.00 40.00 31.00 Points [+]
Corruption Rank 91.00 95.00 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 58.20 54.10 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
55.50 53.00 66.80 53.00 2015 - 2018 Monthly




Country Last Previous
Australia 55.10 Nov/18
Brazil 51.30 Nov/18
China 53.80 Nov/18
Euro Area 53.40 Nov/18
France 55.10 Nov/18
Germany 53.30 Nov/18
India 53.70 Nov/18
Italy 50.30 Nov/18
Japan 52.30 Nov/18
Russia 55.60 Nov/18
Spain 54.00 Nov/18
United Kingdom 50.40 Nov/18
United States 54.70 Nov/18


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