Sri-Lanka - Indice PMI servizi

The Sri Lanka Services PMI increased to 56.9 in October of 2019 from 52.7 in the previous month. That was the highest reading since July, supported by accelerated expansion in new business (61.5 vs 55.0 in September), business activity (59.0 vs 52.5) and expectations for activity (68.2 vs 63.4). On the other hand, a further contraction was seen in employment (44.0 vs 44.7).

Sri Lanka's Services PMI decreased to 52.7 in September 2019 from 52.9 in the previous month, amid a slowdown in business activity (52.5 vs 59.6 in August) and expectations for activity remained steady (at 63.4). Also, employment shrink for the sixth consecutive month (47 vs 43.6), due to delays in filling vacant positions since recruitments are not carried out in the later part of the year and skill mismatch in the labour force. Additionally, backlogs of work sub index remained at negative territory (45.8 vs 45.3) implying that any increase in demand could be met with the existing capacity of service providers. Meanwhile, new businesses increased (55 vs 52.7), as accommodation, food & beverage services; financial services; and transportation sectors contributed to growth.

Sri Lanka's Services PMI dropped to 52.9 in August 2019 from a 12-month high of 57.1 in the previous month, driven by a slowdown in new businesses (52.7 vs 59.9), business activity (59.6 vs 63.5) and expectations for activity (63.4 vs 71.4). In addition, employment continued to contract (43.6 vs 43.2), due to retirements and time lags in filling vacant positions; while backlogs of work also fell (45.3 vs 47.7).

The Sri Lanka Services PMI increased to 57.1 in July 2019 from 53.1 in the previous month. That was the highest reading since July last year, underpinned by accelerated expansion in new business (59.9 vs 57.4 in June), business activity (63.5 vs 57.4) and expectations for activity (71.4 vs 61.8). By contrast, a further contraction was seen in employment (43.2 vs 44.7) and backlogs of work (47.7 vs 44.1).

The Sri Lanka Services PMI jumped 8.4 points to 53.1 in June 2019 from an all-time low of 44.7 in the previous month, boosted by a rebound in new business (57.4 vs 49.4 in May); business activity (57.4 vs 41.7); and expectations of activity (61.8 vs 49.4). Meanwhile, employment dropped at a softer pace (44.7 vs 36.4) and backlogs of work continued to fall (44.1 vs 46.4).

The Sri Lanka Services PMI declined 0.6 points to an all-time low of 44.7 in May 2019 from 45.3 in the previous month, pointing to a sharp contraction in accommodation, food & beverage, and other personal services sectors following Easter Sunday attack. Further declines were seen in new business (49.4 vs 44.0 in April); business activity (41.7 vs 45.1); employment (36.4 vs 47.3); backlogs of work (46.4 vs 45.3); and expectations of activity (49.4 vs 44.6).