The Central Bank said yesterday the Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 55.5 in August 2024.

This indicates an expansion in manufacturing activities, yet at a slower rate compared to the previous month. All the sub[1]-indices, except for Employment, remained above the neutral threshold in August.

In July however, the manufacturing PMI recorded an index value of 59.5 and in June it was 56.6.

CBSL said in August the expansion in New Orders and Production was mainly driven by the manufacture of food and beverages. Further, Stock of Purchases expanded during the month in line with the New Orders and Production.

However, Employment decreased on a month-on-month basis in August. Meanwhile, Suppliers’ Delivery Time continued to lengthen during the month.