Bangladesh's PMI 61.5 in Jul on strong manufacturing, services growth
The rise was attributed to a faster expansion for the indices of manufacturing and services sectors, a slower expansion rate for the agriculture sector, and a reversion of the construction sector to an expansion reading.
The agriculture sector posted its tenth month of expansion. The sector posted slower expansion for the indices of new business, business activity and input costs, but the order-backlogs index posted a faster expansion.
Bangladesh's PMI rose by 8.4 points over the previous month's figure to 61.5 in July, indicating that the economy is expanding. The rise was attributed to a faster expansion for the indices of manufacturing and services sectors, a slower expansion for the agriculture sector, and a reversion of the construction sector to an expansion reading. The manufacturing sector posted its 11th month of expansion.
The manufacturing sector posted its 11th month of expansion, and at a faster rate, too, according to domestic media reports. The sector posted expansion readings for the indices of new orders, factory output, input purchases, finished goods, imports, input prices, supplier deliveries and order backlogs. Both the indexes of new exports and employment posted contraction readings.
The Metropolitan Chamber of Commerce and Industry, Dhaka, and Policy Exchange Bangladesh (PEB) release the PMI report.
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