Bangladesh's PMI Rises to 54.6 in April, Indicating Economic Expansion
Bangladesh's Purchasing Managers' Index (PMI) increased to 54.6 in April, marking a 1.1 point rise from March. This growth was primarily driven by stronger performances in the agriculture and manufacturing sectors, according to a report by the Metropolitan Chamber of Commerce and Industry, Dhaka, and Policy Exchange Bangladesh. The agriculture sector saw its eighth consecutive month of expansion, with notable growth in business activity and employment. Meanwhile, the manufacturing sector rebounded from a previous contraction, supported by increased factory output and new orders. However, the services sector experienced slower growth, and the construction sector continued to contract. Despite these challenges, future business indicators suggest optimism across all key sectors.