Manufacturing, services PMI pick up in June

Industry outlook for both sectors in next three months positive Export-oriented manufacturers and service providers remain cautious on growing uncertainties in global trade

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Industry outlook for both sectors in next three months positive Export-oriented manufacturers and service providers remain cautious on growing uncertainties in global trade the Purchasing Managers' Index (PMI), its compiler the Central Bank of Sri Lanka (CBSL) said.

The Manufacturing PMI recorded an index value of 51.9 in June from 55.5 index points in May, indicating a continued expansion in manufacturing activities.

This expansion has remained above the neutral threshold during the month from all sub-indices, except for Employment.

Accordingly, the New Orders and Production sub-indices continued to grow during June. Further, Stock of Purchases also expanded, in line with the increase in New Orders and Production, although Employment contracted during the month.