Sri Lanka's construction industry experiences optimism due to improved economy and increased opportunities.
Sri Lanka's construction industry is optimistic, with rising opportunities for development projects due to improved economy, foreign currency & local liquidity. The PMI for April showed a positive outlook despite a temporary contraction due to holidays, with participants confident in increased tender opportunities. The sector's expansion is driven by affordable credit, lower material prices, and excess liquidity. However, fiscal policy constraints and past policy mishandling may have impacted the sector's performance in 2022.
June 02, 2024
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