The country’s manufacturing and Services sector experienced slow growth in February as per the Sri Lanka Purchasing Managers’ Index (PMI) compiled by the Central Bank. It said manufacturing activities increased at a slower rate in February compared to January, mainly driven by the decrease in new orders and production, especially in manufacturing of textiles, wearing apparels, leather and related activities. This decline was mainly due to the fewer number of working days in February. Stock of purchases also decreased during the month in line with the decrease in new orders and production.-  Daily Ft

read more