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%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Construction activities slow down in April due to traditional New Year celebrations

ConstructionMay 31, 2024
Construction activities slow down in April due to traditional New Year celebrations

Following the seasonal pattern where activities across many sectors slow down during the traditional New Year celebrations, Sri Lanka Purchasing PMI- Construction decreased to an index value of 31.9 in April 2024.

Most construction sites were temporarily closed during the month due to the extended New Year holidays. New Orders decreased in April with the fewer working days. However, most respondents were confident that the increasing trend in tender opportunities will continue in the upcoming months.

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