Sri Lanka’s Purchasing Managers’ Index for Construction (PMI – Construction) surged to 59.5 in June 2024, marking its highest value in 30 consecutive survey rounds. Respondents attributed this growth mainly to projects funded by multilateral agencies, particularly those related to road rehabilitation and water distribution. June saw a significant increase in new orders, indicating a
Effective from today, the Maximum Retail Price (MRP) of a 50kg bag of Cement has been reduced by Rs. 50, making it Rs. 2,400. This price adjustment, announced by the industry media, marks a significant step in supporting the local construction sector by offering consumers a cost-saving benefit starting from May 1st. The decision to
Sri Lanka’s construction industry appears to be showing initial signs of recovery, according to the January 2024 Purchasing Managers’ Index (PMI) for Construction. The Total Activity Index, a key indicator of overall activity, surpassed the neutral threshold of 50 for the first time since January 2022, registering an index value of 52.9. This positive development