Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

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

ConstructionFeb 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 associated with project completion.


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