Wed, 04 Aug 2021 Today's Paper

Manufacturing and services activities slow down in January

16 February 2017 12:01 am - 0     - {{hitsCtrl.values.hits}}

A A A

Sri Lanka’s manufacturing and services sectors lost some momentum in January compared to the previous month though both sectors recorded index values over 50 percent, still signalling an expansion. 
According to the Purchasing Managers’ Index (PMI) calculated by the Central Bank, the manufacturing sector recorded an index value of 56.2 in January, a 2.1 index point decrease, compared to December 2016.
The services sector PMI recorded 57.5 index points in January from 59.8 percent index points in December 2016.
The PMI is an important statistical model to gauge the health of an economy. 

“The deceleration in PMI indicates that the manufacturing activities expanded at a moderate pace in January 2017 largely attributable to post seasonal realignment of business plans ahead as reflected in Production and New Orders sub-indices,” the Central Bank said. 
The Central Bank said the services sector PMI decline was caused by the decelerations in New Businesses and Business Activity sub-indices and the decline in Backlogs of Work sub-index. 

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment


Ugly sporting truths Sport scholarships thrive in culture of corruption

Sadly the cohort of perpetrators include egotistical leaders, coaches and eve

JR Jayewardene and the July 1983 Anti-Tamil Violence

July 24, 1983 was the day on which a destructive spree of anti-Tamil violence

“Medamulana Dynasty”: Four Sons and Three Grandsons of Don Alvin Rajapaksa

Basil Rohana Rajapaksa was sworn in as Finance minister in the Government of

Site survey near Akasa Chaitya: Is it the end of Yala?

The Yala National Park has been at the receiving end of human disturbances fr



See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.