Apr Bangladesh PMI 52.9; 8th straight expansion month in manufacturing

The manufacturing sector saw its eighth consecutive month of expansion, but at a slower rate. The sector posted expansion readings for most indexes, except for the order backlogs index, which posted a faster contraction rate and had recorded contractions for nine consecutive months.

The agriculture sector saw its seventh consecutive month of expansion, and at a faster rate. The sector posted faster expansion rates for the indexes of new business and business activity, whereas the input costs index posted a slower expansion rate. The employment index in the sector expanded and the order backlogs index saw a slower contraction.

For the future business index, faster expansion rates were recorded for manufacturing, whereas the one for agriculture posted a slower expansion rate, domestic media outlets reported.

It was developed by Metropolitan Chamber of Commerce and Industry and Policy Exchange Bangladesh, with support from the UK government and technical support from the Singapore Institute of Purchasing & Materials Management.

ALCHEMPro News Desk (DS)