Sri Lanka’s manufacturing and services sectors slow down in October 2017
Both manufacturing and service sectors of Sri Lanka slowed down in October 2017, 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 decreased by 4.2 index points to 54.8 in October 2017 from the previous month while the Services Sector PMI eased by 1.7 points to 55.3 in the month.
Manufacturing activities expanded at a slower pace in October compared to September 2017 mainly due to the moderation of the New Orders and Employment sub-indices from the levels of increase observed in the previous month.
The Production and Stock of Purchases sub-indices also expanded at slower rates in October. Meanwhile, the Suppliers Delivery Time sub-index lengthened at a higher rate...