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Sri Lanka services expand at slower rate in September: PMI

ECONOMYNEXT – Sri Lanka’s services sector expanded at a slower rate in September 2025, with a Purchasing Managers Index compiled by the central bank registering 58.7, from 68.9 in August. Business activities continued to expand in the month, supported by strong performance in wholesale and retail trade, the central bank said. “Business activities related to financial services also continued to improve, underpinned by increased lending activity.” New businesses rose at a slower rate in September, registering 65.2 from 66.8 in August, due to expansions observed in wholesale and retail trade, and financial services related activities. Employment rose at a slower…

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