Sri Lanka's manufacturing expands in July; suppliers' delivery time up

All sub-indices contributed positively to this improvement, a CBSL release said.

The increase in new orders was driven by the textiles and apparel sector.

Moreover, production increased during the month, mainly due to the improved performance in the manufacture of food & beverages and textiles & apparel sectors.

Employment turned positive in July, mainly attributed to the manufacture of textiles & apparel.

Stock of purchases also expanded in line with the increased demand for materials.

Meanwhile, suppliers' delivery time increased further in July.

ALCHEMPro News Desk (DS)