Sri Lanka, Aug. 16 -- According to the Sri Lanka Purchasing Managers' Index (PMI) released by the Statistics Department of Central Bank on Thursday, both manufacturing and services sectors expanded last month further recovering after the April 21 terrorist attacks. Manufacturing activities expanded further at a higher rate in July 2019, recording an index value of 55.7 which is an increase of 1.8 index points, compared to June 2019.
The expansion in manufacturing PMI is mainly attributable to the significant increase in New Orders and subsequent increase in Production, especially, in manufacturing of food & beverages sector. The increase in new orders was mainly due to the gradual recovery of the economy from disruptions related to Easter ...