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.

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Sri Lanka Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.30 39.50 66.80 29.80 2015 - 2021 points Monthly


News Stream
Sri Lanka Service Sector Rebounds in June
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).
2021-07-15
Sri Lanka Services PMI Falls to 13-Month Low
The Services PMI in Sri Lanka dropped to 39.5 in May of 2021 from 48.9 in the prior month, signalling the steepest contraction in the services sector since April of 2020. Both business activity (28.9 from 47.9 in April) and new business (36.3 from 48.9) shrank at a faster pace, amid travel restrictions imposed to contain the spread of the third wave of COVID-19 pandemic. Wholesale and retail trade, other personal activities and accommodation, food and beverage, and professional services sub-sectors contributed the most towards the decline. Also, employment declined (32.8 from 48.4), due to retirements, resignations and contract expirations. Meanwhile, public health measures, such as localized lockdowns and island wide travel restrictions led to an increase in backlogs of work (60.9 from 54.4). Finally, expectations on future business activity weakened (38.6 from 44.7), due to the anxiety among businesses about growth prospects with the intensification of COVID-19 pandemic.
2021-06-16
Sri Lanka Services PMI at 5-Month Low
The Services PMI in Sri Lanka fell to 48.9 in April of 2021, from an over 5-year high of 62.1 in the prior month, signalling the steepest contraction in the services sector since November of 2020. Business activity (47.9 from 73.4 in March), new business growth (48.9 from 64.7), and employment (48.4 from 52.2) fell into the contraction territory amid the impact of the resurgence of coronavirus infections and extensive New Year holidays. Public health measures, such as localized lockdowns and roster systems at work led to an increase in backlogs of work (54.4 from 49.4) after two straight months of declines. Finally, expectations on future business activity contracted (44.7 from 70.7) in line with the adverse pandemic context in the country.
2021-05-18
Sri Lanka Services PMI at Over 5-Year High
The Services PMI in Sri Lanka jumped to 62.1 in March of 2021, from 56.5 in the prior month, pointing to the steepest expansion in the services sector since June of 2015, underpinned by improvements across all sub-indexes. Business activity (73.3 from 62.8 in February) and new business growth (64.7 from 54.1) rose at a faster pace, as retail and wholesale trade increased ahead of the Sinhalese New Year festival, along with a better performance in the financial sector. Improvements were also seen in employment (52.2 from 49.5) and backlogs of work remained in negative territory (49.4 from 46.8). Finally, expectations on future business activity advanced further (70.7 from 69.6) on growth prospects amid the festive season.
2021-04-15

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.