The Statistics Department of the Central Bank of Sri Lanka (CBSL) commenced PMI survey for Construction activities in June 2017 with a view to timely capture the developments in the construction industry. The department continued the survey for six years delivering key industry insights to the CBSL, assisting the policy formulation process. Currently, the bank disseminates the other two PMI surveys, Manufacturing and Services, on monthly basis to the bank’s website. Hence, the CBSL decided to release the Construction PMI survey results as well for the information of the public starting from the June 2023 survey round.

The report on the Construction PMI survey results for the June 2023 is given below. The survey results will be published on a monthly basis via a press release and uploaded to CBSL website under the Statistics section at the end of the following month hereafter.

With a view to assist and maintain the financial system stability by minimizing the pressure on the exchange rate and preserving the foreign currency reserve position of the country, the Hon. Minister of Finance has issued Orders under Section 22 of the Foreign Exchange Act, No. 12 of 2017 (FEA) since 02.04.2020, to temporarily suspend/limit certain outward remittances.

Considering the current and expected developments in the domestic foreign exchange market and with a view to further facilitate international transactions, the Hon. Minister of Finance, with the recommendation of the Monetary Board of the Central Bank of Sri Lanka and the approval of the Cabinet of Ministers, has issued a new Order under Section 22 of the FEA. This Order has relaxed certain limitations on outward remittances for capital transactions and removed the restrictions on current transfers of emigrants, while continuing the other suspensions/limitations which were imposed under the previous Order. The new Order is effective for six (06) months from 28.06.2023. The summary of the suspensions/limitations so relaxed are indicated in Table below.