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. source: Central Bank of Sri Lanka
Services PMI in Sri Lanka averaged 55.69 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 May of 2021.
Services PMI in Sri Lanka is expected to be 60.00 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 57.00 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.