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) -3.1 Mar 2024 quarterly Jun 2017 - Mar 2024
Armenia (% Point) -3.7 Jun 2016 quarterly Sep 2006 - Jun 2016
Australia (% Point) 2.0 Mar 2024 monthly Jul 2013 - Mar 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) -3.4 Mar 2024 monthly Jan 1981 - Mar 2024
Brazil (% Point) 5.8 Mar 2024 monthly Jan 2010 - Mar 2024
Bulgaria (% Point) -0.4 Mar 2024 monthly Jan 1994 - Mar 2024
Canada (% Point) -1.4 Mar 2024 monthly Dec 2001 - Mar 2024
Chile (% Point) 8.2 Feb 2024 monthly Nov 2004 - Feb 2024
China (% Point) -2.2 Mar 2024 monthly Jan 2006 - Mar 2024
Colombia (% Point) -4.5 Feb 2024 monthly Jan 1981 - Feb 2024
Croatia (% Point) 0.6 Mar 2024 monthly May 2009 - Mar 2024
Cyprus (% Point) -11.3 Mar 2024 monthly May 2003 - Mar 2024
Czech Republic (% Point) -7.0 Mar 2024 monthly Mar 1994 - Mar 2024
Denmark (% Point) 10.0 Mar 2024 monthly Jan 1999 - Mar 2024
Ecuador (% Point) 17.8 Feb 2024 monthly Feb 2011 - Feb 2024
Estonia (% Point) -3.3 Mar 2024 monthly May 2002 - Mar 2024
European Union (% Point) -6.4 Mar 2024 monthly Jan 1986 - Mar 2024
Finland (% Point) -0.6 Mar 2024 monthly Jan 1994 - Mar 2024
France (% Point) 1.1 Mar 2024 monthly Jan 1986 - Mar 2024
Georgia (% Point) -21.8 Mar 2024 quarterly Dec 2014 - Mar 2024
Germany (% Point) -15.1 Mar 2024 monthly Jan 1992 - Mar 2024
Ghana (%) 22.8 Feb 2024 monthly Dec 2013 - Feb 2024
Greece (% Point) 2.5 Mar 2024 monthly Jan 1986 - Mar 2024
Hong Kong SAR, China (% Point) -5.0 Mar 2024 quarterly Mar 2009 - Mar 2024
Hungary (% Point) -2.2 Mar 2024 monthly Jan 1997 - Mar 2024
Iceland (% Point) 28.7 Mar 2024 quarterly Dec 2003 - Mar 2024
India (% Point) 0.8 Jun 2024 quarterly Jun 2001 - Jun 2024
Indonesia (% Point) 5.3 Mar 2024 quarterly Mar 2011 - Mar 2024
Israel (% Point) -3.9 Mar 2024 monthly Jan 2016 - Mar 2024
Italy (% Point) -5.5 Mar 2024 monthly Jan 1986 - Mar 2024
Japan (% Point) 7.0 Jun 2024 quarterly Mar 2001 - Jun 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 Mar 2024 monthly Apr 2004 - Mar 2024
Luxembourg (% Point) -10.8 Mar 2024 monthly Jan 1986 - Mar 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) -17.8 Mar 2024 monthly Nov 2003 - Mar 2024
Mauritius (% Point) -9.1 Jun 2019 quarterly Mar 2011 - Jun 2019
Mexico (% Point) 2.1 Mar 2024 monthly Jan 2005 - Mar 2024
Mozambique (% Point) 8.9 Jun 2021 monthly Jan 2005 - Jun 2021
Netherlands (% Point) -5.7 Mar 2024 monthly Jan 1986 - Mar 2024
New Zealand (% Point) -7.4 May 2023 monthly Aug 2003 - May 2023
Nigeria (% Point) -0.6 Nov 2023 monthly Jul 2015 - Nov 2023
Norway (% Point) 4.0 Mar 2024 monthly Feb 2005 - Mar 2024
Palestinian Territory (% Point) -27.0 Mar 2024 monthly Apr 2014 - Mar 2024
Peru (% Point) 15.8 Mar 2024 monthly Apr 2003 - Mar 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) -4.1 Mar 2024 monthly Jan 1988 - Mar 2024
Qatar (% Point) -3.6 Mar 2020 quarterly Jun 2015 - Mar 2020
Romania (% Point) -0.8 Mar 2024 monthly Jul 1992 - Mar 2024
Russia (% Point) 2.0 Mar 2024 monthly Jan 2006 - Mar 2024
Serbia (% Point) 3.4 Mar 2024 monthly May 2014 - Mar 2024
Singapore (% Point) 1.6 Mar 2024 monthly Jan 2000 - Mar 2024
Slovakia (% Point) 0.0 Mar 2024 monthly Jan 1994 - Mar 2024
Slovenia (% Point) -4.4 Feb 2024 monthly May 1996 - Feb 2024
South Africa (% Point) 2.9 Mar 2024 monthly Sep 2000 - Mar 2024
Spain (% Point) -2.1 Mar 2024 monthly Jan 1994 - Mar 2024
Sri Lanka (% Point) -8.2 May 2023 monthly May 2016 - May 2023
Sweden (% Point) 9.6 Mar 2024 monthly Jan 2002 - Mar 2024
Switzerland (% Point) -3.6 Mar 2024 monthly Jan 1996 - Mar 2024
Taiwan (% Point) -3.2 Mar 2018 monthly May 2013 - Mar 2018
Thailand (% Point) -6.6 Mar 2024 monthly Feb 2000 - Mar 2024
Turkey (% Point) -0.6 Mar 2024 monthly Jan 2008 - Mar 2024
Ukraine (% Point) 22.3 Dec 2023 quarterly Sep 2013 - Dec 2023
United Kingdom (% Point) 8.4 Dec 2020 monthly Jan 1986 - Dec 2020
United States (% Point) 7.6 Mar 2024 monthly Jan 1949 - Mar 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 172 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 (%) 104.4 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 Expenditure & LR: Capital & Net Lending (LKR mn) 170,568.510 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 Revenue & Grants​: Revenue (LKR mn) 795,600.830 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) -319.1 Feb 2024 monthly Jan 1982 - Feb 2024
Total Exports (USD mn) 1,059.3 Feb 2024 monthly Jan 1982 - Feb 2024
Total Exports Growth (%) 7.9 Feb 2024 monthly Jan 1983 - Feb 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) 1,378.4 Feb 2024 monthly Jan 1982 - Feb 2024
Total Imports Growth (%) 35.0 Feb 2024 monthly Jan 1983 - Feb 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) 211.902 Dec 2023 monthly Jan 1978 - Dec 2023
Total Imports from USA (USD mn) 33.763 Dec 2023 monthly Jan 1978 - Dec 2023
Total Exports to China (USD mn) 17.680 Dec 2023 monthly Jan 2016 - Dec 2023
Total Imports from China (USD mn) 306.538 Dec 2023 monthly Jan 2016 - Dec 2023
Exports: Germany (USD mn) 742.000 2022 yearly 2003 - 2022
Imports: Investment Goods (LKR mn) 89,464.831 Feb 2024 monthly Jan 1995 - Feb 2024
Imports: Intermediate Goods (LKR mn) 262,645.135 Feb 2024 monthly Jan 1995 - Feb 2024
Imports: Intermediate Goods: Fuel (LKR mn) 90,795.175 Feb 2024 monthly Jan 1995 - Feb 2024
Imports: Consumer Goods (LKR mn) 78,022.382 Feb 2024 monthly Jan 1995 - Feb 2024
Imports: Intermediate Goods: Textiles & Textile Articles (LKR mn) 76,919.404 Feb 2024 monthly Jan 1995 - Feb 2024
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) 107.103 Feb 2024 monthly Jan 2010 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 8.5 Dec 2023 quarterly Mar 2012 - Dec 2023
Current Account Balance (USD mn) 237.2 Dec 2023 quarterly Mar 1977 - Dec 2023
Current Account Balance: % of GDP (%) 1.1 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Direct Investment (USD mn) 250.9 Dec 2023 quarterly Mar 1977 - Dec 2023
Foreign Direct Investment: % of GDP (%) 1.1 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment (USD mn) 44.911 Dec 2023 quarterly Mar 2012 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 0.2 Dec 2023 quarterly Mar 2012 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -1.3 Dec 2023 quarterly Mar 2012 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 46.216 Dec 2023 quarterly Mar 2012 - Dec 2023
External Debt (USD mn) 54,831.6 Dec 2023 quarterly Dec 2012 - Dec 2023
External Debt: % of GDP (%) 75.0 2022 yearly 1998 - 2022
External Debt: Short Term (USD mn) 5,031.5 Dec 2023 quarterly Dec 2012 - Dec 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) -51,439.912 Dec 2023 quarterly Mar 2013 - Dec 2023
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
BoP: FA: Liabilities: Financial Derivatives (USD mn) 0.000 Dec 2018 quarterly Mar 2012 - Dec 2018
IIP: Liabilities (USD mn) 63,986.189 Dec 2023 quarterly Dec 2012 - Dec 2023
International Investment Position (IIP): Net (USD mn) -51,439.912 Dec 2023 quarterly Dec 2012 - Dec 2023
IIP: Assets (USD mn) 12,546.277 Dec 2023 quarterly Dec 2012 - Dec 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 (%) 6.5 Jun 2023 quarterly Dec 2010 - Jun 2023
Money Supply M1 (USD mn) 5,088.870 Jan 2024 monthly Jan 1994 - Jan 2024
Money Supply M2 (USD mn) 36,267.306 Jan 2024 monthly Jan 1994 - Jan 2024
M2 Growth (%) 8.9 Jan 2024 monthly Jan 1995 - Jan 2024
Reserve Requirement Ratio (%) 4.0 Jun 2023 monthly Mar 1997 - Jun 2023
Foreign Exchange Reserves (USD mn) 4,482.3 Feb 2024 monthly Dec 1956 - Feb 2024
Foreign Exchange Reserves: Months of Import (NA) 3.3 Feb 2024 monthly Jan 1982 - Feb 2024
Gold Reserves (USD mn) 30.962 Feb 2024 monthly Dec 1977 - Feb 2024
Total Deposits (USD mn) 45,118.862 Jul 2023 monthly Dec 2002 - Jul 2023
Total Deposits Growth (%) 6.7 Jul 2023 monthly Dec 2003 - Jul 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) 5,580.5 Jun 2023 quarterly Jun 2010 - Jun 2023
Total Loans (USD mn) 26,218.887 Jan 2024 monthly Dec 1983 - Jan 2024
Total Loans Growth (%) -0.36 Jan 2024 monthly Dec 1984 - Jan 2024
Private Debt: % of Nominal GDP (%) 25.97 Jun 2023 quarterly Dec 2010 - Jun 2023
Official Reserve Assets (ORA) (USD mn) 4,520.000 Feb 2024 monthly Nov 2013 - Feb 2024
ORA: Foreign Currency Reserves in Convertible FC (FCR) (USD mn) 4,482.341 Feb 2024 monthly Nov 2013 - Feb 2024
Commercial Banks: Loans: Personal Loans & Advances (LA) (LKR mn) 1,714,837.000 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) 56.000 Feb 2024 monthly May 2015 - Feb 2024

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