Sri Lanka’s manufacturing sector slows down while services sector grows in June 2018
Sri Lanka's manufacturing sector slowed down in June 2018, compared to the previous month, while the Services Sector expanded albeit slowly, the Central Bank's Purchasing Managers' Index (PMI) Survey released for the month showed.
According to the survey, the Manufacturing PMI decreased to 57.6 index points in June 2018 from 60.6 index points observed in the previous month and was in line with the pattern observed in the previous years.
The significant drop in Production especially that of manufacturing of food, beverages and tobacco products largely contributed for this decrease. New Orders and Stock of Purchases also decreased during the month.
Meanwhile, the time taken by the suppliers to deliver materials increased due to unfavorable weather conditions prevailed during the...