Sri Lanka, March 3 -- Sri Lanka's construction sector continued to expand in January, supported by stable prices and favourable weather, which accelerated the completion of ongoing projects, the Central Bank of Sri Lanka said.

The sector PMI, the monthly gauge of construction sector health, rose to 52.9 in January, reflecting sustained industry activity. In December 2024, the sector recorded an index value of 51.4.

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 activity has neither expanded nor contracted.

"Most survey respondents mentioned that prevailing business conditions, parti...