Sri Lanka’ manufacturing and services activities expand in August
The Morning: Sri Lanka’s Purchasing Managers’ Indices (PMI) indicate expansions in both Manufacturing and Services activities in August.
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 55.2 last month. This indicates an expansion in manufacturing activities, albeit at a slower rate compared to the previous month.
All sub-indices remained above the neutral threshold during the month.
The expansions in New Orders and Production sub-indices during the month were largely attributable to the performance of the food and beverages manufacturing sector.
The Stock of Purchases sub-index also recorded an expansion, in line with the New Orders and Production activities.
The Employment sub-index remained in the positive territory during August, indicating favourable Employment conditions.
Meanwhile, the Suppliers’ Delivery Time continued to lengthen during the month, with some respondents reporting delays in international shipping.
Expectations for manufacturing activities over the next three months remain positive, largely underpinned by the anticipated seasonal demand towards the year end.
OSL take:
The expansion of manufacturing and services activities is indicative of the overall growth and expansion of Sri Lanka’s economy. While being a positive factor that could lead to attracting many foreign businesses/investors to the country, it also indicates the expanding business/investment opportunities in Sri Lanka’s key economic sectors in line with the country’s growth momentum. With Sri Lanka also focused on becoming a hub in the South Asian region supported by the country’s geographical positioning in the Indian Ocean and strong trade ties with many foreign countries, the business/investment opportunities that have opened in Sri Lanka present lucrative business ventures for foreign businesses/investors. Given the steady growth in the country’s manufacturing and services sectors resulting in the expansion of opportunities as well as interest already being shown by foreign businesses/investors to explore these opportunities showing an increasing business potential, other foreign businesses on the lookout for lucrative ventures in the region, could confidently explore the opportunities in Sri Lanka’s manufacturing and services sectors.
| Article Code : | VBS/AT/20250923/Z_1 |