FX.co ★ Sri Lanka Services PMI Up in July

In July 2025, Sri Lanka's Services Purchasing Managers' Index (PMI) climbed to 70.1, up from 61.9 in June, indicating a robust expansion within the sector. This growth was spearheaded by positive contributions from all sub-indices, notably in wholesale and retail trade, financial services, and transportation. Other sectors experiencing growth included personal services, postal activities, programming and broadcasting, telecommunications, accommodation, food and beverage services, and healthcare. The index for New Businesses increased to 64.9 from 62.9, particularly driven by wholesale, retail, and financial services. Employment figures rose to 59.8 from 51.6, as companies increased hiring to fulfill rising demand, while the Backlogs of Work also saw a slight increase to 51.1. Business activity expectations over the forthcoming three months improved significantly to 80.7 from the previous 75.8, buoyed by the supportive macroeconomic environment.