The Manufacturing Sector PMI reached a 12-month high and signalled a strong upturn in manufacturing activities by recording 65.6 index points in March from 55.6 index points in February 2018 and was in line with the pattern observed in previous years. The increase of PMI in March was largely attributable to increasing orders in line with the seasonal demand as reflected by increase in New Orders and Production sub-indices. Stock of Purchases and Employment sub-indices also increased during the month. Further, lengthening of the Suppliers’ Delivery Time sub-index also contributed positively to the overall increase. However, most respondents, especially in the Textiles and Apparel sector, highlighted difficulties in finding both skilled and unskilled workers. Overall, all the sub-indices of PMI recorded values above the neutral 50.0 threshold signalling an overall expansion in manufacturing activities during the month. Moreover, the Expectation for activities remains positive for the next three months.  

By a Gazette notification, with effect from midnight on Thursday 12th April 2018, in accordance with Article 70 of the Constitution the President has exercised his constitutional right to prorogue the Parliament. The next Parliament session will commence on 8th May 2018. During this time, no motions or questions can be tabled in Parliament and any prior actions by Parliament remain valid. The prorogation of Parliament has no impact on the functioning and operation of Government.