Inflation ( CCPI)6.4% (Jan 2024)
GDP1.6% (3Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate9.79%
12M T-Bill Rate10.02%
2Y T-Bond Rate11.05%/ 11.10%
4Y T-Bond Rate12.20% / 12.30%
USD/LKR313/314
Reserves $4.5Bn (Jan 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Construction

FeaturedFeb 5, 2024

Construction PMI edged up towards 50 in December from 44.3 in November

In December 2023, the Construction Purchasing Managers' Index (PMI) registered a value of 48.6, signalling a slower contraction in construction activities compared to the previous month. Notably, the index has remained below 50, which indicates contraction, since February 2022, indicating almost two years of subdued growth.

The decline in New Orders during December was consistent with the previous month, suggesting a persistent trend. Additionally, Employment in the construction sector contracted, largely attributed to layoffs associa

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