Inflation ( CCPI)1.3% (Sep 2023)
GDP-3.1% (2Q 2023)
Unemployment4.7% (1Q 2023)
3M T-Bill Rate17.42%
12M T-Bill Rate13.30%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
USD/LKR322/323
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

Construction

FeaturedSep 17, 2023

Downfall of the construction industry slowdown in 2Q 2023

Badly hit construction sector is still under performing as it contracted by 23% in 2Q 2023. Contribution of the sector to the overall economy has fallen from 9.5% to 6.5% due to massive contraction took place during the last few quarters.

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