Sri Lanka PMI Data Shows Strong Growth Momentum In March

Sri Lanka’s economy showed strong signs of recovery in March as both services and manufacturing PMI readings registered significant growth. The latest figures highlight rising demand, improved supply chain activity, and stronger business sentiment across key industries.

Services Sector Expansion

The services PMI rose to 59.4 index points in March, up from 54.4 in February. This growth was driven by increased demand in financial services, transportation, and hospitality, reflecting renewed consumer confidence and economic activity.

Manufacturing Sector Strength

Manufacturing PMI surged to 66.7 index points in March compared to 56.8 in February. The sharp rise indicates stronger production levels, improved new orders, and enhanced capacity utilization, signaling resilience in industrial output.

Key Highlights

• Services PMI at 59.4 in March vs 54.4 in February
• Manufacturing PMI at 66.7 in March vs 56.8 in February
• Growth driven by demand recovery and supply chain improvements
• Positive outlook for industrial and services expansion
• Signals strengthening business confidence in Sri Lanka’s economy

Sources: Central Bank of Sri Lanka, industry reports