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

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country/region Last Frequency Range
Albania (% Point) 6.2 Dec 2023 quarterly Jun 2017 - Dec 2023
Armenia (% Point) -3.7 Jun 2016 quarterly Sep 2006 - Jun 2016
Australia (% Point) -5.0 Jan 2024 monthly Jul 2013 - Jan 2024
Austria (% Point) -12.0 Dec 2023 monthly Jan 1986 - Dec 2023
Belarus (% Point) -9.6 Aug 2014 monthly Dec 2006 - Aug 2014
Belgium (% Point) -3.7 Feb 2024 monthly Jan 1981 - Feb 2024
Brazil (% Point) 5.0 Feb 2024 monthly Jan 2010 - Feb 2024
Bulgaria (% Point) -0.5 Feb 2024 monthly Jan 1994 - Feb 2024
Canada (% Point) -7.2 Jan 2024 monthly Dec 2001 - Jan 2024
Chile (% Point) 8.2 Feb 2024 monthly Nov 2004 - Feb 2024
China (% Point) -7.0 Feb 2024 monthly Jan 2006 - Feb 2024
Colombia (% Point) -3.4 Jan 2024 monthly Jan 1981 - Jan 2024
Croatia (% Point) -8.5 Feb 2024 monthly May 2009 - Feb 2024
Cyprus (% Point) -10.5 Feb 2024 monthly May 2003 - Feb 2024
Czech Republic (% Point) -3.9 Feb 2024 monthly Mar 1994 - Feb 2024
Denmark (% Point) 8.0 Feb 2024 monthly Jan 1999 - Feb 2024
Ecuador (% Point) -1.0 Jan 2024 monthly Feb 2011 - Jan 2024
Estonia (% Point) -6.3 Feb 2024 monthly May 2002 - Feb 2024
European Union (% Point) -8.0 Feb 2024 monthly Jan 1986 - Feb 2024
Finland (% Point) -3.4 Feb 2024 monthly Jan 1994 - Feb 2024
France (% Point) 0.8 Feb 2024 monthly Jan 1986 - Feb 2024
Georgia (% Point) -21.8 Mar 2024 quarterly Dec 2014 - Mar 2024
Germany (% Point) -14.7 Jan 2024 monthly Jan 1992 - Jan 2024
Ghana (%) 20.1 Dec 2023 monthly Dec 2013 - Dec 2023
Greece (% Point) -9.7 Feb 2024 monthly Jan 1986 - Feb 2024
Hong Kong SAR, China (% Point) -5.0 Mar 2024 quarterly Mar 2009 - Mar 2024
Hungary (% Point) -0.2 Jan 2024 monthly Jan 1997 - Jan 2024
Iceland (% Point) -6.7 Dec 2023 quarterly Dec 2003 - Dec 2023
India (% Point) -2.6 Mar 2024 quarterly Jun 2001 - Mar 2024
Indonesia (% Point) 5.3 Mar 2024 quarterly Mar 2011 - Mar 2024
Israel (% Point) -11.7 Jan 2024 monthly Jan 2016 - Jan 2024
Italy (% Point) -6.8 Feb 2024 monthly Jan 1986 - Feb 2024
Japan (% Point) 4.0 Mar 2024 quarterly Mar 2001 - Mar 2024
Kazakhstan (% Point) -2.0 Jun 2023 quarterly Mar 2009 - Jun 2023
South Korea (% Point) 9.0 Mar 2024 monthly Feb 2004 - Mar 2024
Latvia (% Point) -6.9 May 2023 monthly Apr 1994 - May 2023
Lithuania (% Point) 9.1 Feb 2024 monthly Apr 2004 - Feb 2024
Luxembourg (% Point) -5.9 Feb 2024 monthly Jan 1986 - Feb 2024
North Macedonia (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022
Malaysia (% Point) 3.1 Dec 2023 quarterly Mar 2004 - Dec 2023
Malta (% Point) -34.7 Feb 2024 monthly Nov 2003 - Feb 2024
Mauritius (% Point) -9.1 Jun 2019 quarterly Mar 2011 - Jun 2019
Mexico (% Point) 6.6 Jan 2024 monthly Jan 2005 - Jan 2024
Mozambique (% Point) 8.9 Jun 2021 monthly Jan 2005 - Jun 2021
Netherlands (% Point) -5.1 Feb 2024 monthly Jan 1986 - Feb 2024
New Zealand (% Point) -7.4 May 2023 monthly Aug 2003 - May 2023
Nigeria (% Point) -9.8 Oct 2023 monthly Jul 2015 - Oct 2023
Norway (% Point) 1.9 Jan 2024 monthly Feb 2005 - Jan 2024
Palestinian Territory (% Point) -40.5 Feb 2024 monthly Apr 2014 - Feb 2024
Peru (% Point) 23.9 Jan 2024 monthly Apr 2003 - Jan 2024
Philippines (% Point) 12.1 Dec 2023 quarterly Jun 2002 - Dec 2023
Poland (% Point) -2.7 May 2023 monthly Jul 2006 - May 2023
Portugal (% Point) -2.4 Feb 2024 monthly Jan 1988 - Feb 2024
Qatar (% Point) -3.6 Mar 2020 quarterly Jun 2015 - Mar 2020
Romania (% Point) -0.1 Feb 2024 monthly Jul 1992 - Feb 2024
Russia (% Point) 2.0 Feb 2024 monthly Jan 2006 - Feb 2024
Serbia (% Point) 5.9 Feb 2024 monthly May 2014 - Feb 2024
Singapore (% Point) 1.2 Feb 2024 monthly Jan 2000 - Feb 2024
Slovakia (% Point) 5.4 Feb 2024 monthly Jan 1994 - Feb 2024
Slovenia (% Point) -4.4 Feb 2024 monthly May 1996 - Feb 2024
South Africa (% Point) 5.8 Feb 2024 monthly Sep 2000 - Feb 2024
Spain (% Point) 1.7 Feb 2024 monthly Jan 1994 - Feb 2024
Sri Lanka (% Point) -8.2 May 2023 monthly May 2016 - May 2023
Sweden (% Point) 4.6 Feb 2024 monthly Jan 2002 - Feb 2024
Switzerland (% Point) -9.8 Feb 2024 monthly Jan 1996 - Feb 2024
Taiwan (% Point) -3.2 Mar 2018 monthly May 2013 - Mar 2018
Thailand (% Point) -3.6 Feb 2024 monthly Feb 2000 - Feb 2024
Turkey (% Point) -0.4 Feb 2024 monthly Jan 2008 - Feb 2024
Ukraine (% Point) 32.1 Jun 2023 quarterly Sep 2013 - Jun 2023
United Kingdom (% Point) 8.4 Dec 2020 monthly Jan 1986 - Dec 2020
United States (% Point) 0.2 Feb 2024 monthly Jan 1949 - Feb 2024
Uruguay (% Point) -4.1 Dec 2023 monthly Oct 1999 - Dec 2023

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Sri Lanka Key Series

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Includes 167 key indicators for Sri Lanka, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -10.5 Sep 2023 quarterly Dec 2014 - Sep 2023
Tax Revenue (USD mn) 5,458.017 2022 yearly 1990 - 2022
Tax Revenue: % of GDP (%) 10.6 Sep 2023 quarterly Mar 2014 - Sep 2023
National Government Debt (USD mn) 86,964.6 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Debt: % of GDP (%) 103.9 Sep 2023 quarterly Mar 2014 - Sep 2023
Forecast: Government Expenditure (LKR bn) 4,472.550 2022 yearly 1990 - 2022
Forecast: Government Net Debt (LKR bn) 27,899.420 2022 yearly 1990 - 2022
Forecast: Government Revenue (LKR bn) 2,012.590 2022 yearly 1990 - 2022
Government Debt: Foreign (LKR mn) 11,402,380.792 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Debt: Domestic (LKR mn) 16,617,629.160 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Revenue & Grants​: Revenue (LKR mn) 795,600.830 Sep 2023 quarterly Mar 2014 - Sep 2023
Overall Fiscal Surplus/Deficit (LKR mn) -371,009.687 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Expenditure & LR: Recurrent (LKR mn) 1,002,143.567 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Expenditure & LR: Capital & Net Lending (LKR mn) 170,568.510 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Expenditure & Lending Minus Repayments (LR) (LKR mn) 1,172,712.077 Sep 2023 quarterly Mar 2014 - Sep 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.626 2028 yearly 1980 - 2028
Trade Balance (USD mn) -541.1 Jan 2024 monthly Jan 1982 - Jan 2024
Total Exports (USD mn) 970.7 Jan 2024 monthly Jan 1982 - Jan 2024
Total Exports Growth (%) -0.8 Jan 2024 monthly Jan 1983 - Jan 2024
Aluminum: Exports (USD th) 8,005.174 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 8,546.747 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 3,537.951 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,511.8 Jan 2024 monthly Jan 1982 - Jan 2024
Total Imports Growth (%) 6.2 Jan 2024 monthly Jan 1983 - Jan 2024
Imports: Medicament (USD th) 381,649.432 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 128,854.946 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 338.716 Oct 2023 monthly Jan 1978 - Oct 2023
Total Imports from USA (USD mn) 37.987 Oct 2023 monthly Jan 1978 - Oct 2023
Total Exports to China (USD mn) 30.861 Oct 2023 monthly Jan 2016 - Oct 2023
Total Imports from China (USD mn) 392.379 Oct 2023 monthly Jan 2016 - Oct 2023
Exports: Germany (USD mn) 742.000 2022 yearly 2003 - 2022
Imports: India (USD mn) 4,738.000 2022 yearly 2003 - 2022
Export Volume Index (EVoI): 2010=100 (2010=100) 200.505 Jan 2024 monthly Jan 2010 - Jan 2024
Import Volume Index (IVoI): 2010=100 (2010=100) 169.493 Jan 2024 monthly Jan 2010 - Jan 2024
Terms of Trade Index: 2010=100 (2010=100) 84.410 Jan 2024 monthly Jan 2010 - Jan 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 8.5 Sep 2023 quarterly Mar 2012 - Sep 2023
Current Account Balance (USD mn) 639.0 Sep 2023 quarterly Mar 1977 - Sep 2023
Current Account Balance: % of GDP (%) 3.0 Sep 2023 quarterly Mar 2002 - Sep 2023
Foreign Direct Investment (USD mn) 158.7 Sep 2023 quarterly Mar 1977 - Sep 2023
Foreign Direct Investment: % of GDP (%) 0.7 Sep 2023 quarterly Mar 2002 - Sep 2023
Foreign Portfolio Investment (USD mn) 85.052 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 0.4 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 5.0 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 80.015 Sep 2023 quarterly Mar 2012 - Sep 2023
External Debt (USD mn) 52,653.4 Sep 2023 quarterly Dec 2012 - Sep 2023
External Debt: % of GDP (%) 74.7 2022 yearly 1998 - 2022
External Debt: Short Term (USD mn) 7,545.9 Sep 2023 quarterly Dec 2012 - Sep 2023
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) -50,271.614 Sep 2023 quarterly Mar 2013 - Sep 2023
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
BoP: FA: Assets: Errors & Ommissions (USD mn) 192.632 Dec 2018 quarterly Mar 2012 - Dec 2018
International Investment Position (IIP): Net (USD mn) -50,271.614 Sep 2023 quarterly Dec 2012 - Sep 2023
IIP: Liabilities (USD mn) 61,907.624 Sep 2023 quarterly Dec 2012 - Sep 2023
IIP: Assets (USD mn) 11,636.010 Sep 2023 quarterly Dec 2012 - Sep 2023
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 (%) 7.4 Jun 2023 quarterly Dec 2010 - Jun 2023
Money Supply M1 (USD mn) 5,120.576 Dec 2023 monthly Jan 1994 - Dec 2023
Money Supply M2 (USD mn) 35,469.638 Dec 2023 monthly Jan 1994 - Dec 2023
M2 Growth (%) 9.4 Dec 2023 monthly Jan 1995 - Dec 2023
Reserve Requirement Ratio (%) 4.0 Jun 2023 monthly Mar 1997 - Jun 2023
Foreign Exchange Reserves (USD mn) 4,425.6 Jan 2024 monthly Dec 1956 - Jan 2024
Foreign Exchange Reserves: Months of Import (NA) 2.9 Jan 2024 monthly Jan 1982 - Jan 2024
Gold Reserves (USD mn) 30.887 Jan 2024 monthly Dec 1977 - Jan 2024
Total Deposits (USD mn) 45,118.862 Jul 2023 monthly Dec 2002 - Jul 2023
Total Deposits Growth (%) 5.8 Jun 2023 monthly Dec 2003 - Jun 2023
Domestic Credit (USD mn) 1,267.7 Dec 2023 monthly Jan 1996 - Dec 2023
Domestic Credit Growth (%) -97.5 Dec 2023 monthly Jan 1997 - Dec 2023
Household Debt (USD mn) 6,407.8 Jun 2023 quarterly Jun 2010 - Jun 2023
Total Loans (USD mn) 25,800.594 Dec 2023 monthly Dec 1983 - Dec 2023
Total Loans Growth (%) -0.51 Dec 2023 monthly Dec 1984 - Dec 2023
Private Debt: % of Nominal GDP (%) 26.18 Jun 2023 quarterly Dec 2010 - Jun 2023
Official Reserve Assets (ORA) (USD mn) 4,496.000 Jan 2024 monthly Nov 2013 - Jan 2024
ORA: Foreign Currency Reserves in Convertible FC (FCR) (USD mn) 4,425.613 Jan 2024 monthly Nov 2013 - Jan 2024
Commercial Banks: Loans: Personal Loans & Advances (LA) (LKR mn) 1,969,066.000 Jun 2023 quarterly Jun 2010 - Jun 2023
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) 93.000 Dec 2023 quarterly Jun 2014 - Dec 2023
Purchasing Managers Index: Manufacturing (Index) 52.700 Jan 2024 monthly May 2015 - Jan 2024

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