clock December 24,2023
Construction: PMI continues slow expansion in Nov.

Construction: PMI continues slow expansion in Nov.

The Purchasing Managers’ Index for Construction dipped by another 8.8 index points in November to 55.5 point, from the indice value in October which stood at 64.3, indicating a 2-month consecutive drop from the peak recorded in September at 67.6 points, data from the Central Bank of Sri Lanka (CBSL) shows. 

With the 55.5 points recorded in November, the sector continued to expand at a slower rate, as index points above 50 indicate a state of expansion. The CBSL noted that the construction sector expansion was supported by an increase in Government-funded projects.

Source: The morning

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