The PMI rose by 1.1 points month on month (MoM) to 54.6 in April.
Economic activities in Bangladesh grew at a faster pace in April, backed primarily by stronger performance in agriculture and a manufacturing rebound.
The latest PMI rose by 1.1 points month on month to 54.6.
The manufacturing sector returned to expansion after contracting in the previous month, supported by stronger growth in factory output, input purchases and input prices.
The survey data indicated continued business optimism despite external risks, although the construction sector remained weak for a third consecutive month.
The manufacturing sector returned to expansion after contracting in the previous month, supported by stronger growth in factory output, input purchases and input prices. New orders, export orders and employment also rebounded during the month.
However, contractions in finished goods and imports continued, although at a slower pace, while supplier deliveries and order backlogs slipped back into contraction.
The agriculture sector posted its eighth consecutive month of expansion, with the pace of growth accelerating further. Higher growth was recorded in business activity, input costs and order backlogs, while both new business and employment returned to expansion.
The PMI was jointly developed by Policy Exchange Bangladesh and the Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka in collaboration with the Singapore Institute of Purchasing and Materials Management.
Fibre2Fashion News Desk (DS)
