Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in December 2024.

Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 57.2 in December 2024, indicating a further expansion in manufacturing activities. All sub-indices, except Employment, contributed positively to this improvement.

The New Orders and Production sub-indices increased further in December, bolstered by sustained production orders during the festive season, particularly in the food & beverages manufacturing sector. However, New Orders and Production sub-indices in the manufacture of textiles & apparel sector decreased during the month, owing to the decline in orders from major garment export destinations during the seasonal winter holidays. This resulted in a reduction of casual labour in the textiles & apparel sector, mainly contributing to the decline in the overall Employment sub-index. Meanwhile, the Stock of Purchases sub-index continued to expand during the month, while Suppliers' Delivery Time sub-index remained lengthened.