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
Sri Lanka’s merchandise export performance for June 2024 reached $1,031.2 million, marking a 2.58% increase compared to June 2023. This growth was driven by higher earnings from apparel & textiles, tea, rubber-based products, coconut-based products, food & beverages, and spices & concentrates. Compared to May 2024, exports in June 2024 rose by 1.97%. Services exports
In June 2024, Sri Lanka’s central bank was a net seller in the foreign exchange market, selling $57 million to banks without purchasing any dollars. This follows a previous trend where the central bank bought $224.5 million and sold $32 million in May. The build-up of excess liquidity reached 200 billion rupees due to dollar