Construction PMI expands

Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction), as reflected by the Total Activity Index, stood at 51.4 in December 2024, indicating a continued expansion in construction activities.

The outlook for construction activities for the next three months is positive, mainly supported by the expected favourable weather conditions. Further, the firms are looking forward to the government’s infrastructure plans through the upcoming national budget.

However, most survey respondents emphasized the need for more large-scale construction projects to sustain the industry growth. The New Orders index was at the neutral threshold, indicating that the number of construction projects approved in December remained at a similar level as in the previous month. Meanwhile, the Employment index continued to contract, yet at a slower pace in December.

The Quantity of Purchases index increased, in line with the expansion in construction work. Meanwhile, Suppliers’ Delivery Time remained lengthened in December.

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