Construction sector growth slows in March

Friday, 2 May 2025 01:04 - - {{hitsCtrl.values.hits}}

The Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction), as reflected by the Total Activity Index, recorded a value of 54.3 in March 2025. In February, the value was 55.6.

Index compiler the Central Bank said most of the survey respondents reported a continued expansion in construction work during the month, mainly attributed to the conducive environment with stable prices and favourable weather conditions.

The New Orders index expanded in March, yet many respondents highlighted that most of the currently available construction projects are small-scale developments. Meanwhile, the Quantity of Purchases index increased during the month, in line with the expansion in construction activities. The Employment index continued to contract, albeit at a slower rate than the previous month. Meanwhile, the Suppliers’ Delivery Time index remained lengthened in March.

The outlook for construction activities for the next three months is optimistic.