Sri Lanka, Feb. 2 -- Sri Lanka Purchasing Managers' Index (PMI) for construction stood at 51.4 in December 2024, indicating a continued expansion in construction activities.

The latest report of the Central Bank of Sri Lanka (CBSL) indicated that the survey showed new orders index was at a neutral threshold, indicating that the number of construction projects approved in December remained at a similar level as in the previous month.

However, many respondents emphasized the need for more large-scale construction projects to sustain the industry growth.

Meanwhile, the employment index continued to contract, yet at a slower pace in December.

The outlook for construction activities for the next three months remains positive, mainly due to...