Economy sees stronger momentum as October PMI rises to 61.8

Bangladesh’s economy registered a stronger growth pulse in October, as the country’s Purchasing Managers’ Index (PMI) climbed 2.7 points from the previous month to reach 61.8, signaling a faster pace of expansion across all major sectors. The October PMI – jointly released by the Metropolitan Chamber of Commerce and Industry (MCCI) and Policy Exchange Bangladesh (PEB) – marks a broad-based acceleration driven by gains in agriculture, manufacturing, construction, and services. “The latest PMI readings indicate that the overall Bangladesh economy continued to expand, primarily supported by favourable crop conditions and expectations of a good harvest in the agricultural sector,” said Dr M Masrur Reaz, Chairman and CEO of Policy Exchange Bangladesh. He added that other key sectors also maintained strong...