Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction),as reflected by the Total Activity Index,further expanded to 52.9 in January 2025.
Most survey respondents said that prevailing business conditions, particularly stable price levels and favourable weather, had expedited the completion of ongoing construction projects. It was further highlighted that ensuring a steady pipeline of new projects is essential for the firms to maintain the continued progress.
The New Orders index increased in January. Many survey respondents highlighted that, alongside foreign-funded construction projects, there has been a continued increase in tendering opportunities from private investors. Further, the Quantity of Purchases index increased in January, reflecting the improvement in industry operations. Meanwhile, the Employment index contracted at a slower pace in January. The Suppliers’ Delivery Time remained lengthened during the month.
