Construction growth eases in Feb.

Thursday, 2 April 2026 05:21 - - {{hitsCtrl.values.hits}}

The Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction), as reflected by the Total Activity Index, registered a value of 70.3 in February indicating continued expansion in construction activities, at a slower rate compared to 75 in January 2026.

Its compiler, the Central Bank of Sri Lanka (CBSL), said, many firms attributed to favourable industry conditions in February, underpinned by steady inflows of construction projects and favourable weather.

The New Orders Index continued to expand compared to previous month, with many respondents reporting increased availability of a broader range of construction projects.

The Employment Index expanded 56.8 compared to 54.2 in January, reflecting ongoing hiring in anticipation of increased project availability.

The Quantity of Purchases Index also expanded, in line with higher construction activities.

However, the Suppliers’ Delivery Time Index remained lengthened during the month, reflecting continued construction demand and import-related delays associated with the Chinese New Year.

CBSL said, the outlook for construction activities remains positive, driven by expectations of continued project availability. However, noted downside risks persist, as firms remain cautious about rising input costs and potential supply constraints arising from the conflict in the Middle East.