Seasonal demand helps boost manufacturing to three-year high
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) for March 2024 recorded the highest values recorded in three years, the latest data by the Central Bank of Sri Lanka (CBSL) shows.
PMI – Manufacturing recorded an index value of 62.5 in March, compared to 56 in February.
The CBSL said all sub-indices expanded and this was mainly due to the seasonal demand.
CBSL said that the industry expectations for the next three months remain positive.
Meanwhile, the Sri Lanka Purchasing Managers’ Index for Services (PMI – Services) also expanded in March 2024, CBSL said.
PMI – Services Business Activity Index recorded an index value of 67.7 in March, this was 53 in February 2024.
