The Services PMI in Sri Lanka edged down to 54.3 in September of 2020 from 56 in August but still pointed to a strong growth in the services sector as the economy gradually returns to pre-pandemic levels. New business improved (58.9 vs 58.3), particularly in financial services and insurance subsectors. Business activity continued to expand although at a slower pace (60.4 vs 66.7), with financial services making the biggest upward contribution. Cargo handling services were also able to handle more transhipments in September. Employment was nearly stable (49.5 vs 38.2) and backlogs of work continued to remain in the negative territory (43.2 vs 45.8), indicating that any increase in demand can be met with the existing capacity. Meanwhile, expectations for future business activities increased further although some companies were worried about the risk of spreading COVID-19 in the country. source: Central Bank of Sri Lanka
Services Pmi in Sri Lanka averaged 55.89 points from 2015 until 2020, reaching an all time high of 66.80 points in May of 2015 and a record low of 29.80 points in April of 2020. This page provides - Sri Lanka Services Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Services Pmi in Sri Lanka is expected to be 51.00 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 58.00 in 12 months time. In the long-term, the Sri Lanka Services PMI is projected to trend around 57.00 points in 2021, according to our econometric models.