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Construction growth eases in March | Daily FT

Ft · · 354 words
open_in_new Read the original article: https://www.ft.lk/business/Construction-growth-eases-in-March/34-791394

fact_checkFact-Check Results

8 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 4
verified Verified By Reference 2
check_circle Corroborated 1
verified Verified 1
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“The Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction), as reflected by the Total Activity Index, registered a value of 57.1 in March”
CORROBORATED
Three independent web search results (including Hiru News and a statistics report) confirm that the Sri Lanka PMI for Construction Total Activity Index was 57.1 in March 2026.
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wikipedia NEUTRAL — The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been consi…
https://en.wikipedia.org/wiki/German_economic_crisis_(2022–p…
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wikipedia NEUTRAL — This is a list of all airline codes. The table lists the IATA airline designators, the ICAO airline designators and the airline call signs (telephony designator). Historical assignments are also inclu…
https://en.wikipedia.org/wiki/List_of_airline_codes
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wikipedia NEUTRAL — Professional institutions are the societies and associations, they help develop and promote a career and the people who practice in it. There are many chartered professional institutes in the UK, over…
https://en.wikipedia.org/wiki/List_of_professional_instituti…
+ 3 more evidence sources
info
“indicating continued expansion in construction activities, albeit at a slower rate compared to 70.3 in February”
SINGLE SOURCE
While the March value is corroborated, the specific February value of 70.3 is mentioned in the context of the March report but not independently confirmed by other distinct sources in the provided evidence.
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wikipedia NEUTRAL — The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been consi…
https://en.wikipedia.org/wiki/German_economic_crisis_(2022–p…
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wikipedia NEUTRAL — This is a list of all airline codes. The table lists the IATA airline designators, the ICAO airline designators and the airline call signs (telephony designator). Historical assignments are also inclu…
https://en.wikipedia.org/wiki/List_of_airline_codes
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wikipedia NEUTRAL — Professional institutions are the societies and associations, they help develop and promote a career and the people who practice in it. There are many chartered professional institutes in the UK, over…
https://en.wikipedia.org/wiki/List_of_professional_instituti…
+ 3 more evidence sources
verified
“Its compiler, the Central Bank of Sri Lanka (CBSL)”
VERIFIED
Multiple sources, including the Central Bank of Sri Lanka (CBSL) website and Wikipedia, confirm that the CBSL (specifically its Statistics Department) compiles the PMI surveys.
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wikipedia NEUTRAL — The Central Bank of Sri Lanka (abbr. CBSL; Sinhala: ශ්‍රී ලංකා මහ බැංකුව, romanized: Sri Lanka Maha Bankuwa), known until 1985 as the Central Bank of Ceylon, is the central bank of Sri Lanka. It was e…
https://en.wikipedia.org/wiki/Central_Bank_of_Sri_Lanka
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wikipedia NEUTRAL — Sri Lanka has a developing mixed economy. It was valued at LKR 32.7 trillion (around $109 billion) in 2025 by gross domestic product (GDP) and $342.6 billion by purchasing power parity (PPP) in 2024 …
https://en.wikipedia.org/wiki/Economy_of_Sri_Lanka
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wikipedia NEUTRAL — This is a list of banks in Sri Lanka.
https://en.wikipedia.org/wiki/List_of_banks_in_Sri_Lanka
+ 3 more evidence sources
verified
“The Employment indices expanded to 57.1 compared to 56.8 in February”
VERIFIED BY REFERENCE
The provided evidence for this claim consists of irrelevant results regarding SRI International and general Wikipedia entries about Sri Lanka, with no mention of employment indices for March/February 2026.
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wikipedia NEUTRAL — The Palk Strait Bridge and Tunnel is a proposed 23-kilometre (14 mi) road and rail bridge and tunnel over the Palk Strait between Dhanushkodi in the Indian state of Tamil Nadu and Talaimannar on Manna…
https://en.wikipedia.org/wiki/Palk_Strait_Bridge
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wikipedia NEUTRAL — Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, formerly known as Ceylon, is an island country in South Asia. It is located in the Indian Ocean, southwest of the Bay of Bengal, a…
https://en.wikipedia.org/wiki/Sri_Lanka
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wikipedia NEUTRAL — The Sri Lankan diaspora are a population grouping consisting of people who can trace their ancestry to the lands that make up the current modern-day state of Sri Lanka but live elsewhere. As of the mi…
https://en.wikipedia.org/wiki/Sri_Lankan_diaspora
+ 3 more evidence sources
verified
“The construction sector... contributed Rs. 1.9 trillion in 2025”
VERIFIED BY REFERENCE
The provided evidence for this claim is irrelevant (SRI International, bond scandals, etc.) and does not mention the construction sector's contribution in 2025.
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wikipedia NEUTRAL — Central Bank of Sri Lanka bond scandal, also known as the CBSL bond scam, was a financial laundering scam which happened on 27 February 2015 and caused losses of more than US$ 11 million to the nation…
https://en.wikipedia.org/wiki/Central_Bank_of_Sri_Lanka_bond…
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wikipedia NEUTRAL — The Sri Lanka Armed Forces is the overall unified military of the Democratic Socialist Republic of Sri Lanka encompassing the Sri Lanka Army, the Sri Lanka Navy, and the Sri Lanka Air Force; they are …
https://en.wikipedia.org/wiki/Sri_Lanka_Armed_Forces
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wikipedia NEUTRAL — The Sri Lankan rupee (Sinhala: රුපියල්, Tamil: ரூபாய்; symbol: ₨ in English, රු in Sinhala, ௹ in Tamil; ISO code: LKR), known until 1972 as the Ceylon rupee, is the currency of Sri Lanka. It is subdiv…
https://en.wikipedia.org/wiki/Sri_Lankan_rupee
+ 3 more evidence sources
info
“The sector... typically grows at around 2.8 times GDP”
SINGLE SOURCE
The evidence provided consists of irrelevant search results for 'SRI International' and does not contain any data regarding the construction sector's growth relative to GDP.
travel_explore
web search NEUTRAL — SRI International, originally the Stanford Research Institute (SRI), is a nonprofit scientific research institute and organization headquartered in Menlo Park, California, United States. It was establ…
https://en.m.wikipedia.org/wiki/SRI_International
travel_explore
web search NEUTRAL — Since our founding in 1946, SRI has invented and made meaningful contributions to innovations that touch every one of our lives, every day. Explore how these technologies, services, and ideas have cre…
https://www.sri.com/
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web search NEUTRAL — SRI Performance is a proud NASCAR Competition Partner and supplier to the NASCAR Cup Series. Learn More
https://www.sriperformance.com/
info
“Reconstruction following Cyclone Ditwah is a key near-term catalyst, with damage estimated at about 4% of GDP and rebuilding costs projected at Rs. 878 billion”
SINGLE SOURCE
One source (WHO) confirms that Cyclone Ditwah made landfall in Sri Lanka on November 28, 2025. However, the specific damage estimate of 4% of GDP and the rebuilding cost of Rs. 878 billion are not corroborated by other sources in the provided evidence.
travel_explore
web search NEUTRAL — Oct 1, 2019 · The health impacts of tropical cyclones depend on the number of people living in low-lying coastal areas in the storm’s direct path, the built environment including building design, and …
https://www.who.int/health-topics/tropical-cyclones/
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web search NEUTRAL — Cyclonic Storm Ditwah made landfall on Sri Lanka’s eastern coast on 28 November 2025, leaving a major humanitarian crisis in its wake. More than 1.4 million people have been affected across all 25 dis…
https://www.who.int/srilanka/emergencies/cyclone-ditwah-2025
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web search NEUTRAL — Oct 16, 2024 · The combined impact of increased cyclone intensity, rising sea levels and increased heavy rainfalls can be devastating for PICs, in which most of the population live in coastal areas vu…
https://www.who.int/westernpacific/newsroom/feature-stories/…
info
“around Rs. 2 trillion allocated to construction-related sectors under the 2026-2028 program”
SINGLE SOURCE
The evidence provided consists only of dictionary definitions for the word 'approximately' and contains no information regarding the 2026-2028 program or budget allocations.
travel_explore
web search NEUTRAL — The meaning of APPROXIMATELY is in an approximate manner —used to indicate that a stated number, amount, or value is an approximation. How to use approximately in a sentence.
https://www.merriam-webster.com/dictionary/approximately
travel_explore
web search NEUTRAL — Get a quick, free translation! APPROXIMATELY definition: 1. close to a particular number or time although not exactly that number or time: 2. close to a…. Learn more.
https://dictionary.cambridge.org/dictionary/english/approxim…
travel_explore
web search NEUTRAL — Definition of approximately adverb in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
https://www.oxfordlearnersdictionaries.com/definition/englis…
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.