Srilanka, Feb. 3 -- Construction sector continued to expand their activities through December 2024, extending their months-long expansion as reflected by the sector Purchasing Managers' Index (PMI) for the month.

However, it appears that there is a pressing need for some large-scale construction projects for a meaningful recovery in the sector, including employment creation. The sector PMI, the monthly gauge of construction sector health, recorded an index value of 51.4 for December 2024, unchanged from the same index value in November. Under PMI, an index value above 50.0 indicates an expansion as an activity is split between an expansion and a contraction at 50.0 level.

If a certain activity is at 50.0 level, then it shows that such...