Inflation ( CCPI)-0.8% (Oct 2024)
GDP4.7% (2Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.30%
12M T-Bill Rate9.78%
2Y T-Bond Rate10.25%/ 10.35%
4Y T-Bond Rate11.20% / 11.30%
USD/LKR290/291
Reserves $6.47Bn (Oct 2024)
Cum. Trade Deficit $4,218 Mn (Sep 2024 cumulative)
Cum. Fiscal DeficitLKR 910Bn (Aug 2024 cumulative)

Construction sector has grown by 14.2% in 1Q 2024

ConstructionJun 18, 2024
Construction sector has grown by 14.2% in 1Q 2024

The construction sector, which constitutes over 12% of Sri Lanka's economy, has shown a significant recovery by growing 14.2% in the first quarter of 2024. This is a notable rebound from the same period in 2023, when the sector contracted by nearly 40%.

The previous year's downturn was attributed to reduced public buying power, halted government construction projects, and soaring costs of construction materials.

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