FINANCIAL CHRONICLE – In February 2026, the construction sector in Sri Lanka experienced growth, achieving a value of 70.3 on the Purchasing Managers Index (PMI) as reported by the central bank. This figure, however, indicates a deceleration compared to the previous month’s score of 75.0.
According to the central bank, firms experienced positive conditions within the industry during February, attributed to a steady influx of construction projects and favorable weather conditions.
This period of growth came just before escalating tensions in the region, as the US and Israel initiated airstrikes on Iran on February 28, which subsequently strained global supply chains.
The Employment Index saw a more pronounced increase, suggesting that companies are actively hiring in anticipation of a rise in available projects.
The central bank noted that the New Orders Index also continued its upward trend, with numerous respondents indicating a greater availability of diverse construction projects.
Furthermore, the Quantity of Purchases Index rose in tandem with increased construction activity. However, the Suppliers’ Delivery Time Index extended further, reflecting ongoing demand in construction alongside delays in imports, partly due to the Chinese New Year festivities. (Colombo/Apr1/2026)
