Sri Lanka Services PMI

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.

1Y 5Y 10Y MAX

width

height

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us

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	[+]

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	Range
Australia	55.10	Nov/18	51.1	63 : 39	Index Points
Brazil	51.30	Nov/18	50.5	57.1 : 36.9	Index Points
China	53.80	Nov/18	50.8	54.7 : 50	Index Points
Euro Area	53.40	Nov/18	53.7	58.3 : 39.2	Index Points
France	55.10	Nov/18	55.3	62.9 : 40.2	Index Points
Germany	53.30	Nov/18	54.7	60.3 : 41.3	Index Points
India	53.70	Nov/18	52.2	57.5 : 44.6	Index Points
Italy	50.30	Nov/18	49.2	57.7 : 42.3	Index Points
Japan	52.30	Nov/18	52.4	55.3 : 46.4	Index Points
Russia	55.60	Nov/18	56.9	58.4 : 41.3	Index Points
Spain	54.00	Nov/18	54	60.3 : 36.8	Index Points
United Kingdom	50.40	Nov/18	52.2	62.5 : 40.1	Index Points
United States	54.70	Nov/18	54.8	61 : 49.3	Index Points