Sri Lanka's Services PMI dropped to 52.9 in August 2019 from a 12-month high of 57.1 in the previous month, driven by a slowdown in new businesses (52.7 vs 59.9), business activity (59.6 vs 63.5) and expectations for activity (63.4 vs 71.4). In addition, employment continued to contract (43.6 vs 43.2), due to retirements and time lags in filling vacant positions; while backlogs of work also fell (45.3 vs 47.7). Services Pmi in Sri Lanka averaged 57.33 from 2015 until 2019, reaching an all time high of 66.80 in May of 2015 and a record low of 44.70 in May of 2019.

Services Pmi in Sri Lanka is expected to be 53.50 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 53.50 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 2.10 2.20 35.20 -11.40 percent [+]
Capacity Utilization 81.00 81.00 82.00 69.00 percent [+]
Changes in Inventories 313742.80 1217425.70 1217425.70 313742.80 LKR Million [+]
Car Registrations 2045.00 2281.00 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 52.90 57.10 66.80 44.70 [+]
Business Confidence 74.00 61.00 136.00 61.00 Index Points [+]
Corruption Index 38.00 38.00 40.00 31.00 Points [+]
Corruption Rank 89.00 91.00 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 56.60 55.70 67.30 41.00 [+]
Manufacturing Production 2.20 0.40 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.90 57.10 66.80 44.70 2015 - 2019 Monthly




Country Last Previous
Australia 51.40 Aug/19
Brazil 51.40 Aug/19
China 52.10 Aug/19
Euro Area 53.50 Aug/19
France 53.40 Aug/19
Germany 54.80 Aug/19
India 52.40 Aug/19
Italy 50.60 Aug/19
Japan 53.30 Aug/19
Russia 52.10 Aug/19
Spain 54.30 Aug/19
United Kingdom 50.60 Aug/19
United States 50.70 Aug/19


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