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Sri Lanka Purchasing Managers’ Index - August 2020

Purchasing Managers' Indices for both Manufacturing and Services activities expanded in August 2020.

Recovery of manufacturing activities continued in August 2020 as reflected by PMI, benefitting from the normalisation of business activities in the country. Both New Orders and Production sub-indices remained at expansionary levels in August 2020 while a noticeable development was observed in Employment sub-index.

External Sector Performance - July 2020

Sri Lanka’s external sector recovered further in July 2020 supported by an increase in merchandise exports and increased workers’ remittances amidst reduced merchandise imports. Several notable achievements were observed in spite of the COVID-19 pandemic. Earnings from merchandise exports surpassed US dollars 1 billion in July for the first time since January 2020 and recorded a positive year-on-year growth for the first time since February 2020. As expected, merchandise imports remained subdued with the continuation of restrictions imposed on the importation of non essential goods. A substantial increase was observed in workers’ remittances in July 2020, recording the highest amount of monthly remittances since January 2018. Meanwhile, the level of gross official reserves of the country increased to US dollars 7.1 billion by end July 2020 with the receipt of the SAARCFINANCE swap facility from the Reserve Bank of India.

Launch of 'Ratapuraama LANKAQR' Public Awareness Campaign in Matale

The Central Bank of Sri Lanka (CBSL) together with financial institutions with LANKAQR enabled payment apps launched “රට පුරාම LANKAQR”, Island wide awareness campaign on 12 September 2020 at the Central Bank of Sri Lanka Regional Office - Matale under the theme of “මාතලේට LANKAQR” (Taking LANKAQR to Matale). The chief guest of this inaugural ceremony was Deshamanya Prof. W. D. Lakshman, Governor, CBSL. CEOs and officials of Licensed Commercial Banks, Licensed Specialized Banks, Licensed Finance Companies, Telecommunication companies functioning as licensed service providers of mobile payment systems as well as representatives of LankaClear (Pvt) Ltd., prominent government authorities and law enforcement authorities of the Matale region attended this ceremony. The aim of this public awareness campaign is to encourage the usage of LANKAQR QR code based digital payments due to its numerous benefits to the public and the economy.

Release of "Economic and Social Statistics of Sri Lanka - 2020" Publication

The “Economic and Social Statistics of Sri Lanka – 2020” an annual publication of the Central Bank of Sri Lanka, is now available for public access.

Marking the 70th Anniversary of CBSL, this year, Statistics Department restructured the layout of the publication for ease of reference, while adding more statistics to enrich its content. Accordingly, the new version consists of statistical tables categorised under eight major areas, i.e. ‘National Accounts’, ‘Economic and Social Infrastructure’, ‘Prices, Wages and Employment’, ‘External Trade and Finance’, ‘Government Finance’, ‘Money and Capital Markets’, ‘Financial  Sector’ and statistics of other countries.

The publication is available in both printed and web versions and will be a useful collection of information for anyone who is interested in socio-economic statistics.