Purchasing Managers’ Index indicates expansions in both manufacturing and service activities in November 2024.
Sri Lanka’s Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 53.3 in November 2024. This indicates an expansion in manufacturing activity on a monthly basis, with positive contributions from all sub-indices.
The sub-index for new orders increased during the month, mainly driven by the textile and clothing sector. Furthermore, the increase in the Production sub-index was mainly attributable to the food and beverage sector. In addition, the Employment and Purchase Inventories sub-indices remained expanded during the month, in line with the New Orders and Production sub-indices. At the same time, the suppliers’ delivery time was extended during the month.
