Home » Sri Lanka’s manufacturing expands in July; suppliers' delivery time up

Sri Lanka’s manufacturing expands in July; suppliers' delivery time up

written by n Free Textile and Fashion Industry News RSS XML Feeds - Fibre2fashionn Source
Sri Lanka’s purchasing managers’ index (PMI) for manufacturing was 59.5 in July this year, indicating a continuous expansion in manufacturing activities, the country’s central bank (CBSL) recently said.

All sub-indices contributed positively to this improvement, a CBSL release said.

The increase in new orders was driven by the textiles and apparel sector.

Moreover, production increased during the month, mainly due to the improved performance in the manufacture of food & beverages and textiles & apparel sectors.

Employment turned positive in July, mainly attributed to the manufacture of textiles & apparel.

Stock of purchases also expanded in line with the increased demand for materials.

Meanwhile, suppliers' delivery time increased further in July.

Fibre2Fashion News Desk (DS)
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written by n Free Textile and Fashion Industry News RSS XML Feeds - Fibre2fashionn Source

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