Sri Lanka, July 16 -- The activities in the economy, especially the industry and services sector, further improved in June as evident by increasing power demand which is almost on par with June 2019 average ICRA Lanka said.

Both the Manufacturing and Services sector showed noteworthy recovery in May. With partial lifting of the lockdown, the economic activities resumed helping the production activities in the manufacturing sector. Employers were seen reinstating some of the jobs they previously cut.

The order books showed improvement. With volumes picking up (especially in food & beverages, and textile & apparel sectors), manufacturers engaged in building input stocks. The supply disruption caused by the COVID pandemic seemed to be fadi...