Manufacturing activities significantly contracted due to adverse impacts of the COVID-19 pandemic. PMI recorded the all-time low index value of 30.0 in March 2020 with a decline of 23.6 index points from February 2020. The decline of manufacturing PMI was mainly driven by the significant contraction of Production and New Orders sub-indices of PMI reflecting the significance of the COVID-19 pandemic to Sri Lankan manufacturing sector.
Published Date:
Thursday, April 16, 2020