Written by The Banking Post
Bangladesh’s economic expansion slowed in March, as the Purchasing Managers’ Index (PMI) dipped 2.2 points to 53.5 compared to February, indicating a moderation in growth.
The latest data showed weaker performance in the agriculture sector, while manufacturing and construction both contracted. In contrast, the services sector continued to expand, albeit modestly.
A PMI reading above 50 signals economic growth, while a reading below 50 indicates contraction.
The Bangladesh PMI is compiled jointly by Policy Exchange Bangladesh and the Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, with technical support from a Singaporean institute.
