Sri Lanka's manufacturing expands in July; suppliers' delivery time up

Sri Lanka's manufacturing expands in Jul; suppliers' delivery time up Pic: Adobe Stock

Insights

  • Sri Lanka's purchasing managers' index for manufacturing was 59.5 in July this year, indicating a continuous expansion in manufacturing activities, the country's central bank recently said.
  • All sub-indices contributed positively to this improvement.
  • The increase in new orders and positive employment figures were driven by the textiles and apparel sector.
Sri Lanka’s purchasing managers’ index (PMI) for manufacturing was 59.5 in July this year, indicating a continuous expansion in manufacturing activities, the country’s central bank (CBSL) recently said.

All sub-indices contributed positively to this improvement, a CBSL release said.

Sri Lanka's purchasing managers' index for manufacturing was 59.5 in July this year, indicating a continuous expansion in manufacturing activities, the country's central bank recently said. All sub-indices contributed positively to this improvement. The increase in new orders and positive employment figures were driven by the textiles and apparel sector.

The increase in new orders was driven by the textiles and apparel sector.

Moreover, production increased during the month, mainly due to the improved performance in the manufacture of food & beverages and textiles & apparel sectors.

Employment turned positive in July, mainly attributed to the manufacture of textiles & apparel.

Stock of purchases also expanded in line with the increased demand for materials.

Meanwhile, suppliers' delivery time increased further in July.

SBS Zipper News Desk (DS)

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