Sri Lanka PMI Services

Sri Lanka's Services PMI surged to 69.8 in March 2025, the highest in three months, up from 56.5 in February, reflecting a marked improvement in services sector activity. Business activity surged with festive demand boosting wholesale and retail trade. New businesses (68.3 vs 58.5 in February) increased, mainly driven by expansion in financial services, wholesale and retail trade, other personal services, insurance, and accommodation, food and beverage-related activities. Employment (61.9 vs 59.6) rose as companies hired more workers for the festive season. Meanwhile, Backlogs of work (48.4 vs 45.6) increased, while Expectations for activity (73 vs 81.3) decreased.