Sri Lanka Services PMI Falls to 3-Month Low

Sri Lanka's Services PMI eased to 57.0 in May 2025 from 60.6 in the previous month, marking the lowest reading in three months and indicating a slower pace of expansion in services activity, in line with seasonal patterns seen in the same period last year.

New business growth moderated (54.0 vs 56.7) but stayed expansionary, led by financial services, while tourism-related sectors saw declines.

Employment dropped sharply (44.0 vs 55.0), driven by retirements and resignations reported across several firms.

Backlogs of work fell further (45.0 vs 47.5), and expectations for future activity also softened (73.7 vs 75.8).