Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 54.1 in September 2024. This indicates a continued expansion in manufacturing activities, albeit at a decelerated pace relative to the previous month. All sub-indices, except for Employment, remained above the neutral threshold during the month.

The expansions in New Orders and Production were largely attributed to the food and beverages manufacturing sector. In addition, Stock of Purchases increased during the month, stimulated by the intended accumulation of inventory ahead of the upcoming festive season. Employment remained contracted, yet at a slower pace in September. Meanwhile, Suppliers' Delivery Time continued to lengthen during the month.

The outlook for manufacturing activities over the next three months remains positive, driven largely by optimism on year-end seasonal demand.