Construction expands further in February

Saturday, 5 April 2025 01:21 - - {{hitsCtrl.values.hits}}

The Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction), as reflected by the Total Activity Index, has expanded further to 55.6 in February 2025. In January, it was 52.9.

Index compiler the Central Bank of Sri Lanka (CBSL) said most of the respondents reported a continuous increase in construction work during the month, yet emphasised the need for more large-scale projects to sustain the growth.

As reported by the respondents, the New Orders index increased in February with the increase in awarding of projects, particularly for rehabilitating roads and irrigation systems.

Further, in line with the improved activity level, the Quantity of Purchases and Suppliers’ Delivery Time indices remained expanded during the month. However, the Employment index further contracted, reflecting the current conservative hiring practices of the construction firms.

The outlook for construction activities for the next three months remains positive. Furthermore, most of the firms anticipate an increase in Government involvement in the construction industry for the remainder of the year, the CBSL said.

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