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 sector is recovering in May after extended holidays of the previous month

ConstructionJul 2, 2024
Construction sector is recovering in May after extended holidays of the previous month

Many construction projects resumed in May after the extended holidays of the previous month. However, the prevailing adverse weather conditions dampened the expected improvement.

Despite road construction projects being the most available large-scale tenders, there is a need for more sizable infrastructure projects to stimulate the construction industry further.

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