Monday Aug 18, 2025
Monday Aug 18, 2025
Monday, 18 August 2025 01:45 - - {{hitsCtrl.values.hits}}
The country’s manufacturing and services sectors expanded in July, according to the Central Bank of Sri Lanka’s (CBSL) Purchasing Managers’ Index (PMI).
The Manufacturing PMI rose to 62.2 in July from 51.9 in June, indicating a stronger pace of expansion. The CBSL said all sub-indices contributed positively to this improvement.
Growth in New Orders and Production was supported by strong performances in food and beverages and textiles and apparel.
The Employment sub-index returned to positive territory, while the Stock of Purchases also increased. However, Suppliers’ Delivery Time remained lengthened during the month.
The CBSL noted that manufacturers were optimistic about the next three months, though they remained cautious amid uncertainties in global trade.
The Services PMI recorded an index value of 70.1 in July, up from 61.9 in June, showing accelerated expansion in services activity.
Business activities in wholesale and retail trade experienced considerable growth during the month, while financial services continued to improve on the back of increased lending, with transportation of goods also expanding.
Positive developments were observed in personal services, postal, programing and broadcasting, telecommunications, accommodation, food and beverage services, and health-related activities.
New Businesses rose to 64.9 in July from 62.9 in June, driven mainly by wholesale and retail trade and financial services. Employment continued to increase, with the sub-index rising to 59.8 from 51.6, as firms recruited to meet growing demand.
Backlogs of Work also increased during the month.
Expectations for business activity over the next three months continue to improve, supported by favourable macroeconomic conditions, the CBSL said.
