The Services PMI in Sri Lanka rose to 56.2 in January 2021, from 55.6 in November, pointing to the steepest month of expansion in the services sector since January last year. New business growth picked up (55.2 from 55 in December), amid improvements in financial services, transportation, wholesale and retail trade sub-sectors. Additionally, expectations on future business activity increased further (67.7 from 62.5) due to increased optimism over an economic recovery. Meanwhile, business activity rose at a slower rate (60.9 from 64.5), amid concerns over restrictions on non-essential imports. In contrast, employment fell at a faster rate (43.8 from 44.4), while backlogs of work kept rising (53.3 from 51.6), which reflects further disruptions to business activities. source: Central Bank of Sri Lanka
Services PMI in Sri Lanka averaged 55.58 points from 2015 until 2021, 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 March of 2021.
Services PMI in Sri Lanka is expected to be 55.00 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 57.00 in 12 months time. In the long-term, the Sri Lanka Services PMI is projected to trend around 57.00 points in 2022, according to our econometric models.