Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in June 2024

Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 56.6 in June 2024, indicating an expansion in manufacturing activities. All the sub-indices, except for employment, remained above the neutral threshold during the month.

The expansion in New Orders and Production was mainly due to the growth in the manufacture of food and beverages sector. Stock of Purchases also expanded, in line with the increase in New Orders and Production. However, Employement remained contracted during the month, as the firms are still cautious about refilling the vacant positions. Meanwhile, Suppliers’ Delivery Time further lengthened in June, mainly attributable to the congestion in the major shipping ports.

source : slcb