Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.90%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR298/299
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Manufacturing activities fell to a lowest level in Oct after April dip

EconomicsNov 15, 2022
Manufacturing activities fell to a lowest level in Oct after April dip

The manufacturing PMI that measures the wider range of activities ( new orders, production, employment, stock of purchases) fell substantially in Oct. The service PMI also fell in October due to the contraction of new business and employment.

PMI is a proxy for the GDP of the country. Sri Lanka’s economy contracted by 8.4% in 2Q 2022 and PMI has fallen substantially in 3Q compared with last year’s 3Q.

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