Sri Lanka, June 17 -- Sri Lanka's manufacturing and services sectors recorded notable improvements in May 2026, signalling a rebound in overall business activity despite concerns over global uncertainties and the ongoing Middle East conflict, according to the latest Purchasing Managers' Index (PMI) released by the Central Bank of Sri Lanka (CBSL).

The PMI for Manufacturing rose sharply to 56.6 in May from 42.6 in April, indicating an expansion in manufacturing activities. All key sub-indices moved above the neutral threshold during the month, reflecting broad-based growth across the sector.

CBSL said the increase was largely driven by stronger performances in the food and beverages, textiles and apparel industries. New orders increased ...