Sri Lanka’s Purchasing Managers’ Index (PMI) for January 2025 recorded growth in both the manufacturing and services sectors, reflecting positive economic momentum, according to the latest report by the Central Bank of Sri Lanka (CBSL).
The Manufacturing PMI rose to 59, while the Services PMI reached 58.5, signaling expansion in both industries.
Manufacturing Sector Sees Positive Growth
The rise in the Manufacturing PMI was attributed to improvements across key sub-indices, indicating increased production activity and business confidence. The CBSL stated that the outlook for the next three months remains positive, with expectations of further improvements in business conditions.
Services Sector Expands Across Key Industries
The Services PMI expansion was driven by increased business activities across multiple sectors. The CBSL highlighted that new business growth in January 2025 was primarily observed in financial services, transportation, accommodation, and food & beverage-related activities.
With both manufacturing and services sectors showing upward momentum, economic activity in Sri Lanka is expected to maintain a steady recovery path, fostering business confidence and investment in the coming months.
