Sri Lanka Business Confidence Growth

2016 - 2023 | Monthly | % Point | CEIC Data

Key information about Sri Lanka Business Confidence Growth

  • Sri Lanka Business Confidence dropped by 8.2 % in May 2023, compared with a decrease of 3.4 % YoY in the previous month.
  • Sri Lanka Business Confidence: YoY Change is updated monthly, available from May 2016 to May 2023, with an averaged rate of -1.8 %.
  • The data reached an all-high of 74.0 % in Mar 2021 and a record low of -73.8 % in Mar 2020.

CEIC calculates Business Confidence Change from monthy Purchasing Managers Index. Central Bank of Sri Lanka provides Purchasing Managers Index with range from 0 to 100 with neutral point 50. Business Confidence covers Manufacturing sector only.

View Sri Lanka's Business Confidence Growth from May 2016 to May 2023 in the chart:

Sri Lanka Business Confidence Growth

What was Sri Lanka's Business Confidence Growth in May 2023?

Sri Lanka Business Confidence dropped by 8.2 % in May 2023, compared with a decrease of 3.4 % YoY in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-8.2 May 2023 -3.4 Apr 2023 -73.8 Mar 2020 74.0 Mar 2021 % Point monthly May 2016 - May 2023

Business Confidence Growth by Country Comparison

country/region Last Frequency Range
Albania (% Point) -5.7 Dec 2024 quarterly Jun 2017 - Dec 2024
Armenia (% Point) -3.7 Jun 2016 quarterly Sep 2006 - Jun 2016
Australia (% Point) 8.0 Oct 2024 monthly Jul 2013 - Oct 2024
Austria (% Point) -2.0 Dec 2024 monthly Jan 1986 - Dec 2024
Belarus (% Point) -9.6 Aug 2014 monthly Dec 2006 - Aug 2014
Belgium (% Point) -2.1 Dec 2024 monthly Jan 1981 - Dec 2024
Brazil (% Point) -2.2 Dec 2024 monthly Jan 2010 - Dec 2024
Bulgaria (% Point) 4.1 Nov 2024 monthly Jan 1994 - Nov 2024
Canada (% Point) -4.8 Nov 2024 monthly Dec 2001 - Nov 2024
Chile (% Point) 9.3 Nov 2024 monthly Nov 2004 - Nov 2024
China (% Point) 2.2 Dec 2024 monthly Jan 2006 - Dec 2024
Colombia (% Point) 4.3 Nov 2024 monthly Jan 1981 - Nov 2024
Croatia (% Point) -7.1 Nov 2024 monthly May 2009 - Nov 2024
Cyprus (% Point) -5.5 Nov 2024 monthly May 2003 - Nov 2024
Czech Republic (% Point) -7.0 Dec 2024 monthly Mar 1994 - Dec 2024
Denmark (% Point) 18.0 Nov 2024 monthly Jan 1999 - Nov 2024
Ecuador (% Point) 5.7 Nov 2024 monthly Feb 2011 - Nov 2024
Estonia (% Point) 10.0 Dec 2024 monthly May 2002 - Dec 2024
European Union (% Point) -1.6 Nov 2024 monthly Jan 1986 - Nov 2024
Finland (% Point) 13.3 Nov 2024 monthly Jan 1994 - Nov 2024
France (% Point) 0.2 Nov 2024 monthly Jan 1986 - Nov 2024
Georgia (% Point) -18.5 Dec 2024 quarterly Dec 2014 - Dec 2024
Germany (% Point) -8.3 Dec 2024 monthly Jan 1992 - Dec 2024
Ghana (%) 14.4 Aug 2024 monthly Dec 2013 - Aug 2024
Greece (% Point) 10.2 Nov 2024 monthly Jan 1986 - Nov 2024
Hong Kong SAR, China (% Point) -11.0 Dec 2024 quarterly Mar 2009 - Dec 2024
Hungary (% Point) -5.7 Dec 2024 monthly Jan 1997 - Dec 2024
Iceland (% Point) 98.4 Dec 2024 quarterly Dec 2003 - Dec 2024
India (% Point) -15.1 Dec 2024 quarterly Jun 2001 - Dec 2024
Indonesia (% Point) -0.1 Dec 2024 quarterly Mar 2011 - Dec 2024
Israel (% Point) 10.4 Dec 2024 monthly Jan 2016 - Dec 2024
Italy (% Point) -1.6 Nov 2024 monthly Jan 1986 - Nov 2024
Japan (% Point) 3.0 Mar 2025 quarterly Mar 2001 - Mar 2025
Kazakhstan (% Point) 3.0 Mar 2024 quarterly Mar 2009 - Mar 2024
South Korea (% Point) -8.0 Jan 2025 monthly Feb 2004 - Jan 2025
Latvia (% Point) -6.9 May 2023 monthly Apr 1994 - May 2023
Lithuania (% Point) 7.8 Nov 2024 monthly Apr 2004 - Nov 2024
Luxembourg (% Point) 14.6 Nov 2024 monthly Jan 1986 - Nov 2024
North Macedonia (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022
Malaysia (% Point) 25.2 Sep 2024 quarterly Mar 2004 - Sep 2024
Malta (% Point) 11.7 Nov 2024 monthly Nov 2003 - Nov 2024
Mauritius (% Point) -9.1 Jun 2019 quarterly Mar 2011 - Jun 2019
Mexico (% Point) -4.1 Nov 2024 monthly Jan 2005 - Nov 2024
Mozambique (% Point) 8.9 Jun 2021 monthly Jan 2005 - Jun 2021
Netherlands (% Point) 4.1 Dec 2024 monthly Jan 1986 - Dec 2024
New Zealand (% Point) -7.4 May 2023 monthly Aug 2003 - May 2023
Nigeria (% Point) 4.4 Nov 2024 monthly Jul 2015 - Nov 2024
Norway (% Point) 0.3 Nov 2024 monthly Feb 2005 - Nov 2024
Palestinian Territory (% Point) 4.1 Dec 2024 monthly Apr 2014 - Dec 2024
Peru (% Point) 26.0 Nov 2024 monthly Apr 2003 - Nov 2024
Philippines (% Point) -1.9 Dec 2024 quarterly Jun 2002 - Dec 2024
Poland (% Point) -2.7 May 2023 monthly Jul 2006 - May 2023
Portugal (% Point) 3.4 Nov 2024 monthly Jan 1988 - Nov 2024
Qatar (% Point) -3.6 Mar 2020 quarterly Jun 2015 - Mar 2020
Romania (% Point) -0.1 Nov 2024 monthly Jul 1992 - Nov 2024
Russia (% Point) -1.0 Dec 2024 monthly Jan 2006 - Dec 2024
Serbia (% Point) 2.7 Sep 2024 monthly May 2014 - Sep 2024
Singapore (% Point) 1.2 Dec 2024 monthly Jan 2000 - Dec 2024
Slovakia (% Point) 5.0 Nov 2024 monthly Jan 1994 - Nov 2024
Slovenia (% Point) -1.0 Dec 2024 monthly May 1996 - Dec 2024
South Africa (% Point) 0.4 Nov 2024 monthly Sep 2000 - Nov 2024
Spain (% Point) 4.3 Nov 2024 monthly Jan 1994 - Nov 2024
Sri Lanka (% Point) -8.2 May 2023 monthly May 2016 - May 2023
Sweden (% Point) 9.8 Nov 2024 monthly Jan 2002 - Nov 2024
Switzerland (% Point) 10.8 Dec 2024 monthly Jan 1996 - Dec 2024
Taiwan (% Point) -3.2 Mar 2018 monthly May 2013 - Mar 2018
Thailand (% Point) 0.6 Nov 2024 monthly Feb 2000 - Nov 2024
Turkey (% Point) -0.7 Dec 2024 monthly Jan 2008 - Dec 2024
Ukraine (% Point) 1.7 Jun 2024 quarterly Sep 2013 - Jun 2024
United Kingdom (% Point) 8.4 Dec 2020 monthly Jan 1986 - Dec 2020
United States (% Point) 4.4 Dec 2024 monthly Jan 1949 - Dec 2024
Uruguay (% Point) -3.2 Sep 2024 monthly Oct 1999 - Sep 2024

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Sri Lanka Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.6 Sep 2024 quarterly Dec 2014 - Sep 2024
Tax Revenue (USD mn) 8,317.177 2023 yearly 1990 - 2023
Tax Revenue: % of GDP (%) 13.1 Sep 2024 quarterly Mar 2014 - Sep 2024
National Government Debt (USD mn) 96,536.0 Sep 2024 quarterly Mar 2014 - Sep 2024
Government Debt: % of GDP (%) 96.9 Sep 2024 quarterly Mar 2014 - Sep 2024
Forecast: Government Expenditure (LKR bn) 4,472.546 2022 yearly 1990 - 2022
Forecast: Government Net Debt (LKR bn) 27,899.423 2022 yearly 1990 - 2022
Forecast: Government Revenue (LKR bn) 2,012.589 2022 yearly 1990 - 2022
Government Debt: Domestic (LKR mn) 17,595,054.038 Sep 2024 quarterly Mar 2014 - Sep 2024
Government Debt: Foreign (LKR mn) 10,979,599.147 Sep 2024 quarterly Mar 2014 - Sep 2024
Government Revenue & Grants​: Revenue (LKR mn) 1,057,676.372 Sep 2024 quarterly Mar 2014 - Sep 2024
Government Expenditure & LR: Capital & Net Lending (LKR mn) 218,331.171 Sep 2024 quarterly Mar 2014 - Sep 2024
Government Expenditure & LR: Recurrent (LKR mn) 1,216,137.714 Sep 2024 quarterly Mar 2014 - Sep 2024
Government Expenditure & Lending Minus Repayments (LR) (LKR mn) 1,434,468.885 Sep 2024 quarterly Mar 2014 - Sep 2024
Overall Fiscal Surplus/Deficit (LKR mn) -371,289.223 Sep 2024 quarterly Mar 2014 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.626 2028 yearly 1980 - 2028
Trade Balance (USD mn) -502.2 Nov 2024 monthly Jan 1982 - Nov 2024
Total Exports (USD mn) 994.1 Nov 2024 monthly Jan 1982 - Nov 2024
Total Exports Growth (%) -0.5 Nov 2024 monthly Jan 1983 - Nov 2024
Aluminum: Exports (USD th) 5,069.768 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 8,132.477 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 4,888.910 2023 yearly 1995 - 2023
Total Imports (USD mn) 1,496.3 Nov 2024 monthly Jan 1982 - Nov 2024
Total Imports Growth (%) 7.7 Nov 2024 monthly Jan 1983 - Nov 2024
Imports: Medicament (USD th) 444,961.269 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 100,047.227 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 278.453 Sep 2024 monthly Jan 1978 - Sep 2024
Total Imports from USA (USD mn) 36.715 Sep 2024 monthly Jan 1978 - Sep 2024
Total Exports to China (USD mn) 26.291 Sep 2024 monthly Jan 2016 - Sep 2024
Total Imports from China (USD mn) 254.736 Sep 2024 monthly Jan 2016 - Sep 2024
Exports: Italy (USD mn) 641.000 2022 yearly 2003 - 2022
Exports: United States of America (USD mn) 3,321.000 2022 yearly 2003 - 2022
Exports: India (USD mn) 860.000 2022 yearly 2003 - 2022
Exports: Germany (USD mn) 742.000 2022 yearly 2003 - 2022
Exports: United Kingdom (USD mn) 963.000 2022 yearly 2003 - 2022
Imports: Intermediate Goods (LKR mn) 268,676.012 Nov 2024 monthly Jan 1995 - Nov 2024
Imports: Investment Goods (LKR mn) 74,790.734 Nov 2024 monthly Jan 1995 - Nov 2024
Imports: Intermediate Goods: Fuel (LKR mn) 90,712.868 Nov 2024 monthly Jan 1995 - Nov 2024
Imports: Consumer Goods (LKR mn) 93,325.454 Nov 2024 monthly Jan 1995 - Nov 2024
Imports: Intermediate Goods: Textiles & Textile Articles (LKR mn) 70,540.870 Nov 2024 monthly Jan 1995 - Nov 2024
Imports: India (USD mn) 4,738.000 2022 yearly 2003 - 2022
Imports: Singapore (USD mn) 871.000 2022 yearly 2003 - 2022
Imports: Japan (USD mn) 252.000 2022 yearly 2003 - 2022
Imports: China (USD mn) 3,285.000 2022 yearly 2003 - 2022
Imports: United Arab Emirates (USD mn) 666.000 2022 yearly 2003 - 2022
Export Volume Index (EVoI): 2010=100 (2010=100) 158.913 Nov 2024 monthly Jan 2010 - Nov 2024
Import Volume Index (IVoI): 2010=100 (2010=100) 138.958 Nov 2024 monthly Jan 2010 - Nov 2024
Terms of Trade Index: 2010=100 (2010=100) 90.348 Nov 2024 monthly Jan 2010 - Nov 2024
Import Value Index (2015=100) 108.993 2021 yearly 1980 - 2021
Export Value Index (2015=100) 118.509 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 7.2 Sep 2024 quarterly Mar 2012 - Sep 2024
Current Account Balance (USD mn) 303.4 Sep 2024 quarterly Mar 1977 - Sep 2024
Current Account Balance: % of GDP (%) 1.2 Sep 2024 quarterly Mar 2002 - Sep 2024
Foreign Direct Investment (USD mn) 45.4 Sep 2024 quarterly Mar 1977 - Sep 2024
Foreign Direct Investment: % of GDP (%) 0.2 Sep 2024 quarterly Mar 2002 - Sep 2024
Foreign Portfolio Investment (USD mn) 146.023 Sep 2024 quarterly Mar 2012 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 0.6 Sep 2024 quarterly Mar 2012 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 27.0 Sep 2024 quarterly Mar 2012 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 119.064 Sep 2024 quarterly Mar 2012 - Sep 2024
External Debt (USD mn) 56,594.5 Sep 2024 quarterly Dec 2012 - Sep 2024
External Debt: % of GDP (%) 75.0 2022 yearly 1998 - 2022
External Debt: Short Term (USD mn) 5,234.5 Sep 2024 quarterly Dec 2012 - Sep 2024
External Debt: Short Term: % of GDP (%) 11.5 2022 yearly 1998 - 2022
Forecast: Current Account Balance (USD bn) -0.744 2022 yearly 1980 - 2022
Net International Investment Position (USD mn) -51,921.770 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Current Account: Credit (USD mn) 7,039.961 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: CA: Primary Income (PI) (USD mn) -577.059 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: Capital Account: Credit (USD mn) 21.090 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: Secondary Income: Credit (USD mn) 1,703.281 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: CA: Primary Income: Debit (USD mn) 753.118 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: CA: Goods & Services: Goods (USD mn) -1,660.190 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: FA: Assets: Reserve Assets (RA) (USD mn) 283.718 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: Current & Capital Account (USD mn) 316.866 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: FA: Liabilities: Portfolio Investment (PO) (USD mn) 146.023 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: Current Account: Debit (USD mn) 6,736.586 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: FA: Assets (USD mn) 489.501 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: CA: Goods & Services: Goods: Debit (USD mn) 5,033.889 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: FA: Liabilities: Other Investment (OI) (USD mn) -45.852 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: FA: Liabilities: Direct Investment (DI) (USD mn) 45.402 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: Current & CA: Credit (USD mn) 7,061.052 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: CA: Goods & Services: Services (USD mn) 880.806 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: CA: Goods & Services: Services: Debit (USD mn) 906.117 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: CA: Goods & Services: Goods: Credit (USD mn) 3,373.699 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: Current Account (CA) (USD mn) 303.375 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: Capital Account: Debit (USD mn) 7.600 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: Secondary Income (USD mn) 1,659.819 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: Current & CA: Debit (USD mn) 6,744.186 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: FA: Assets: Other Investment (OI) (USD mn) 0.857 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: FA: Assets: Direct Investment (DI) (USD mn) 7.183 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: FA: Liabilities (USD mn) 145.573 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: CA: Primary Income: Credit (USD mn) 176.058 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: Capital Account (CP) (USD mn) 13.490 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: FA: Assets: Portfolio Investment (PO) (USD mn) 197.743 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: CA: Goods & Services: Services: Credit (USD mn) 1,786.923 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: Secondary Income: Debit (USD mn) 43.462 Sep 2024 quarterly Mar 2012 - Sep 2024
BoP: FA: Assets: Errors & Ommissions (USD mn) 192.632 Dec 2018 quarterly Mar 2012 - Dec 2018
BoP: FA: Liabilities: Financial Derivatives (USD mn) 0.000 Dec 2018 quarterly Mar 2012 - Dec 2018
BoP: FA: Assets: Financial Derivatives (USD mn) 0.000 Dec 2018 quarterly Mar 2012 - Dec 2018
International Investment Position (IIP): Net (USD mn) -51,921.770 Sep 2024 quarterly Dec 2012 - Sep 2024
IIP: Liabilities (USD mn) 66,403.522 Sep 2024 quarterly Dec 2012 - Sep 2024
IIP: Assets (USD mn) 14,481.753 Sep 2024 quarterly Dec 2012 - Sep 2024
No of Registered Enterprises (Unit) 6,298.000 2022 yearly 1994 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.5 2021 yearly 1998 - 2021
Household Debt: % of GDP (%) 6.5 Jun 2024 quarterly Dec 2010 - Jun 2024
Money Supply M1 (USD mn) 6,193.393 Nov 2024 monthly Jan 1994 - Nov 2024
Money Supply M2 (USD mn) 42,795.939 Nov 2024 monthly Jan 1994 - Nov 2024
M2 Growth (%) 10.6 Nov 2024 monthly Jan 1995 - Nov 2024
Reserve Requirement Ratio (%) 4.0 Jun 2023 monthly Mar 1997 - Jun 2023
Foreign Exchange Reserves (USD mn) 6,043.6 Dec 2024 monthly Dec 1956 - Dec 2024
Foreign Exchange Reserves: Months of Import (NA) 4.3 Nov 2024 monthly Jan 1982 - Nov 2024
Gold Reserves (USD mn) 39.750 Dec 2024 monthly Dec 1977 - Dec 2024
Total Deposits (USD mn) 52,886.716 Jul 2024 monthly Dec 2002 - Jul 2024
Total Deposits Growth (%) 10.9 Jul 2024 monthly Dec 2003 - Jul 2024
Domestic Credit (USD mn) 57,595.2 Nov 2024 monthly Jan 1996 - Nov 2024
Domestic Credit Growth (%) 3.9 Nov 2024 monthly Jan 1997 - Nov 2024
Household Debt (USD mn) 6,173.4 Jun 2024 quarterly Jun 2010 - Jun 2024
Total Loans (USD mn) 29,583.094 Oct 2024 monthly Dec 1983 - Oct 2024
Total Loans Growth (%) 6.41 Oct 2024 monthly Dec 1984 - Oct 2024
Private Debt: % of Nominal GDP (%) 25.02 Jun 2024 quarterly Dec 2010 - Jun 2024
Official Reserve Assets (ORA) (USD mn) 6,091.280 Dec 2024 monthly Nov 2013 - Dec 2024
ORA: Foreign Currency Reserves in Convertible FC (FCR) (USD mn) 6,043.613 Dec 2024 monthly Nov 2013 - Dec 2024
Commercial Banks: Loans: Personal Loans & Advances (LA) (LKR mn) 1,888,430.000 Jun 2024 quarterly Jun 2010 - Jun 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -8.2 May 2023 monthly May 2016 - May 2023
Business Sentiment Index: Business Condition: Current Quarter (Index) 108.000 Sep 2024 quarterly Jun 2014 - Sep 2024
Purchasing Managers Index: Manufacturing (Index) 53.300 Nov 2024 monthly May 2015 - Nov 2024

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