Bangladesh PMI 59.1 in Sep from 58.3 in Aug; highest in recent months

The latest data signal a faster expansion and stronger economic momentum, driven largely by manufacturing, while agriculture and construction returned to growth after earlier slowdowns.

The PMI for the country was jointly developed by the Metropolitan Chamber of Commerce and Industry (MCCI) and Policy Exchange Bangladesh.

Bangladesh’s PMI rose to 59.1 in September this year from 58.3 in August.
This was its highest level in recent months.
The data signal a faster expansion and stronger economic momentum, driven largely by manufacturing, while agriculture and construction returned to growth after earlier slowdowns.
The manufacturing sector posted its thirteenth consecutive month of expansion, and at a faster rate.

The manufacturing sector posted its thirteenth consecutive month of expansion, and at a faster rate, an official release on the PMI said. The sector recorded expansion readings across several indicators, including new orders, export orders, factory output, input purchases, finished goods, imports, input prices and supplier deliveries.

The agriculture sector posted gains in new business, business activity, input costs, and employment while construction showed growth in new business, construction activity and input costs.

Fibre2Fashion News Desk (DS)