Bangladesh's March PMI grows to 61.7; manufacturing PMI up as well

The Metropolitan Chamber of Commerce and Industry (MCCI) and Policy Exchange Bangladesh (PEB) release the Bangladesh PMI.

The manufacturing sector posted a seventh consecutive month of expansion, but at a slower rate. It posted expansion readings for most indices, except for the order backlogs index, which posted a slower contraction rate.

For the future business index, the manufacturing index posted a slower expansion rate.

"The latest PMI readings indicate slower expansion of the economy in March. Only the service sector managed to post faster expansion, driven by Eid festivity which is usually peak business window for retail sub-sector. The future business index for the sector, however, posted a first-time contraction after 15 months of expansion," M Masrur Reaz, chairman and chief executive officer of Policy Exchange Bangladesh, was quoted as saying by domestic media reports.

ALCHEMPro News Desk (DS)