Sri Lanka, Jan. 28 -- The Purchasing Managers Index (PMI) for December 2024 signaled expansions across the Services and Manufacturing sectors, reaching higher levels than the previous months.

The services sector experienced the most significant expansion, reaching an index value of 71.1, paralleling the record high index of 71.1 reached in July-24 driven by the holiday season and the peak tourism season, a sustained increase in new businesses, and improvements in wholesale and retail trade.

The manufacturing sector index rose to 57.2, propelled by increased production in the food and beverage sectors. The Construction sector in November 24 also experienced expansions with an index of 51.4, despite a decline from the previous month, attr...