Sri Lanka's manufacturing PMI 55.5 in Aug; signals activity expansion

All the sub-indices, except for employment, remained above the neutral threshold in the month, a Central Bank of Sri Lanka press release said.

The expansion in new orders and production was mainly driven by the manufacture of food and beverages sector. Further, stock of purchases expanded during the month in line with the new orders and production.

The employment sub-index decreased month on month in August and suppliers' delivery time continued to lengthen.

Expectations for manufacturing activities over the next three months remained positive, primarily due to the optimistic outlook on year-end seasonal demand, in spite of election-related uncertainties.

ALCHEMPro News Desk (DS)