Sri Lanka's Services PMI decreased to 57.0 in January of 2020 from 60.2 in the previous month, amid a slowdown in new businesses (60.4 from 63.0 in December) and business activity (61.4 vs 67.8) while expectations for activity deteriorated (66.5 from 73.3). On the other hand, employment expanded (52.5 from 47.0), contributing to a decline in backlogs of work (44.1 from 50.0). Sri Lanka Services PMI - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Services Pmi in Sri Lanka averaged 57.29 points from 2015 until 2020, reaching an all time high of 66.80 points in May of 2015 and a record low of 44.70 points in May of 2019. This page provides - Sri Lanka Services Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Bank of Sri Lanka
Services Pmi in Sri Lanka is expected to be 53.50 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 56.90 in 12 months time. In the long-term, the Sri Lanka Services PMI is projected to trend around 56.90 points in 2021, according to our econometric models.