Sri Lanka’s services sector expands at a higher rate than manufacturing sector in December 2017
Sri Lanka's services sector expanded at a higher rate than the manufacturing sector in December 2017 although both sectors showed progress compared to the previous month, the Central Bank's Purchasing Managers' Index (PMI) Survey released for the month showed.
According to the survey, the Manufacturing PMI increased marginally by 0.3 index points to 59.1 in December 2017 from the previous month while the Services Sector PMI increased significantly by 3.8 points to 61.2 in the month from 57.4 in November.
Manufacturing activities expanded at a higher pace in December compared to November 2017 mainly due to the increase in the Production sub-index.
Stock of Purchases and Employment sub-indices also expanded at a higher pace while New Orders sub-index expanded, albeit at a slower...
