The Services PMI in Sri Lanka rebounded to 51.3 in June of 2021 from a 13-month low of 39.5 in the prior month, mostly lifted by expectations of higher activity levels in the next quarter on hopes that restrictions to travel will be relaxed. Meanwhile, business activity (49.0 from 28.9 in May) and new business (49.0 from 36.3) shrank at a softer pace, still impacted by a drop in demand for discretionary goods and services, linked to the latest wave of COVID-19. Also, employment continued to retreat (46.1 from 32.8), due to retirements and resignations, while businesses struggled to recruit suitable applicants. Finally, public health measures, such as localized lockdowns and island wide travel restrictions continued to pressure backlogs of work (54.2 from 60.9). source: Central Bank of Sri Lanka
Services PMI in Sri Lanka averaged 55.32 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 July of 2021.
Services PMI in Sri Lanka is expected to be 58.00 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 59.00 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.